Glossary · People and paperwork
In short
This refers to your obligation to disclose any outstanding debt owed to the U.S. government, such as student loans or prior SBA loans. Delinquent federal debt can make you ineligible.
As part of your SBA loan application, you'll provide your Social Security Number for the SBA to check for delinquent federal debt, including tax liens, student loans, or previous defaulted SBA loans. Any significant delinquent federal debt will likely lead to an automatic denial of your 7(a) loan application. Clear these debts beforehand.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SBA Form 1919 — Borrower Information Form
U.S. Small Business Administration · SBA form
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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