Glossary · People and paperwork
In short
This refers to unpaid debts owed to the U.S. government, such as back taxes, student loans, or prior SBA loans. It makes you ineligible for a new SBA loan.
Before applying, verify you and any key principals have no outstanding federal debts. Lenders check this during underwriting. If you have any, you must resolve them or be on an approved repayment plan before your loan can be approved.
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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