Glossary · People and paperwork
In short
A director is a person who oversees the general management of a corporation. For a buyer, knowing who the directors are is crucial for understanding the ownership structure and governance of the target business.
In an acquisition, you'll identify the directors of the selling entity, especially if it's a corporation. This helps confirm who has the authority to approve the sale and sign documents. Verify their roles in the corporate bylaws and state filings.
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.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
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