Glossary · People and paperwork
In short
A unique nine-digit number assigned by the IRS to identify a business entity. It's like a Social Security Number for your business.
Your new business entity will need an EIN for tax purposes, opening bank accounts, and hiring employees. You'll apply for this with the IRS after forming your entity. This number is crucial for all financial and legal documentation related to the business, including loan applications and tax 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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