Glossary · People and paperwork
In short
This is the SBA's definition of a business that qualifies for an SBA loan, based on size standards and certain activities. If the business you want to buy doesn't meet this, you can't get an SBA loan.
The business must meet SBA's size standards (based on NAICS code, revenue, or number of employees) and operate in an eligible industry. You also need to ensure the business is not on the list of ineligible businesses. Confirming eligibility early is a critical step in your due diligence.
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