Glossary · People and paperwork
In short
This refers to unethical or illegal actions involving money, like fraud or embezzlement. It's a major red flag for SBA lenders, signaling poor character and risk.
Any history of financial misconduct, whether personal or business-related, will severely jeopardize your SBA loan eligibility. Lenders will uncover this through credit checks, background checks, and public records. Transparency is critical, but such a history often leads to denial.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
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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