Glossary · People and paperwork
In short
A document issued by a seller to a buyer, reducing the amount the buyer owes, often due to returned goods, billing errors, or allowances.
In the context of an SBA loan, a credit memorandum might refer to an internal bank document detailing the credit decision for your loan application. It outlines the underwriting analysis, conditions for approval, and key terms. While you won't typically see the full internal memo, your lender's commitment letter will reflect its key points.
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.
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