Glossary · Reading the business
In short
This is the lender's internal document that summarizes their analysis of your loan application and the business. It details why they believe you and the business are creditworthy.
The credit memo is where the lender's underwriter lays out the case for approving your loan. It includes financial analysis, your creditworthiness, collateral evaluation, and how the business meets SBA eligibility rules. As a buyer, you won't typically see the full memo, but your loan officer will discuss its key findings with you, especially regarding any conditions of approval.
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.
Pressure-test the numbers before you make an offer
Send us the asking price and the seller's cash flow — we'll show whether the deal services SBA debt and where the add-backs are likely to hold up.
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