Glossary · Doing the deal
In short
These are standard fees charged by a lender for originating and closing a loan. Buyers need to budget for these, as they are part of your overall deal costs and can impact your equity injection.
SBA allows lenders to charge "customary fees" for things like legal review, packaging, and appraisal. These fees must be reasonable and documented. Always get a detailed breakdown of all lender fees upfront in your commitment letter to avoid surprises and ensure they're not excessive.
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.
Line up financing while you're under LOI
Tell us the business, the price, and your timeline — we'll match you with lenders who close deals like yours and flag anything that stalls the process.
Free · No documents · Usually same-day