Glossary · Doing the deal
In short
An amendment or attachment to a legal document, like an insurance policy or a loan agreement, that modifies its terms. It's a formal way to update or clarify existing provisions.
In an acquisition, you might see endorsements on insurance policies to transfer coverage to the new owner or adjust terms. For your SBA loan, an endorsement could modify specific conditions or collateral details after closing. Always read endorsements carefully as they alter original agreements.
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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