Glossary · Doing the deal
In short
An unusual, unforeseen event that justifies an exception to standard loan program rules or policy. It's a rare allowance for unique situations.
The SBA has strict rules, but in very limited cases, an extenuating circumstance can allow for a deviation from standard policy, often requiring a formal waiver. Don't rely on this; it's not a loophole, but rather an infrequent exception for truly unavoidable situations.
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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