Glossary · Doing the deal
In short
The initial process where a lender checks if a business and its owners meet the basic requirements for an SBA loan. This is your first hurdle to clear in the loan application.
Your lender will conduct a thorough Eligibility Screening, checking your credit history, character, and the business's For-Profit Status and NAICS code. Complete Form 1919 accurately, as any red flags here can quickly derail your SBA 7(a) loan application.
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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