Glossary · People and paperwork
In short
This is a formal statement from the lender confirming that your business and the loan purpose meet all SBA program requirements. It's a critical step before loan approval.
Before approving your 7(a) loan, the lender's legal counsel or an internal expert will issue an eligibility opinion. This confirms compliance with SBA rules regarding business type, use of proceeds, size standards, and borrower character. Ensure you provide accurate information to avoid delays or rejection.
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.
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