Glossary · The loan itself
In short
A loan where payments are past due, but not yet in default. A history of delinquent loans on your credit report will severely impact your ability to get an SBA loan.
Lenders check your personal and business credit report for any delinquent loans. Even minor delinquencies can be a red flag, signaling poor financial management. Address any derogatory marks before applying; explain them if they appear unavoidable.
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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