Glossary · People and paperwork
In short
A collection of information about your past borrowing and repayment behavior, maintained by credit bureaus. Lenders use this to assess your creditworthiness.
Your credit file contains your credit report and FICO score. Lenders will pull this for all key principals to evaluate your repayment capacity and risk. Review your own credit file well before applying to identify and dispute any errors or derogatory marks.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
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