Glossary · People and paperwork
In short
A violation of the law that can lead to legal penalties. Certain criminal offenses can disqualify you from obtaining an SBA loan.
The SBA has strict character requirements. If you have a recent "Criminal offense," especially a felony or certain financial crimes, it can prevent you from getting an SBA loan. You must disclose all relevant history on SBA Form 1919. Lenders will conduct background checks as part of AML/KYC.
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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