Glossary · People and paperwork
In short
A formal accusation of a crime filed by a prosecutor without a grand jury indictment. Similar to a felony indictment, it poses a significant challenge to SBA loan eligibility.
Like a felony indictment, a criminal information filing against you or a Key Principal can disqualify you from an SBA loan due to the "Good Character" requirement. Lenders will scrutinize any such legal action. Full disclosure is mandatory on SBA Form 1919.
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
SBA Form 1919 — Borrower Information Form
U.S. Small Business Administration · SBA form
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.
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