Glossary · Doing the deal
In short
To remedy a loan default by fulfilling the missed obligations, typically by making overdue payments or correcting a breach of loan terms. This prevents further lender action.
If your business loan enters default, your lender will provide notice and an opportunity to "cure" it. This means bringing the loan current or fixing the non-monetary breach. Act quickly and communicate with your lender to avoid acceleration or liquidation.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
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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