Glossary · People and paperwork
In short
This refers to any current or past legal action where you were accused of a crime. It's a critical red flag for SBA loan eligibility and character assessment.
The SBA requires disclosure of all criminal history, including arrests, charges, and convictions, on Form 1919. Certain offenses, especially those involving fraud, embezzlement, or felony charges, can make you ineligible for an SBA loan. Be completely transparent; nondisclosure is a major issue.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
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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