Glossary · People and paperwork
In short
Any document provided by the seller that reveals material information about the business. These are crucial for your due diligence.
During due diligence, you'll receive various disclosure documents, including financial statements, tax returns, contracts, and legal records. Scrutinize these carefully for consistency and accuracy, cross-referencing information to uncover any discrepancies or red flags before committing to the purchase.
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.
Free · No documents · Usually same-day