Glossary · People and paperwork
In short
Obligations for a business to submit regular financial statements to its lender or other parties. Buyers care because these are ongoing compliance duties that must be met post-acquisition to stay in good standing with your SBA lender.
Your SBA loan agreement will detail specific financial reporting requirements, such as submitting quarterly P&Ls, Balance Sheets, and tax returns annually. Failing to meet these can lead to a technical default on your loan. Ensure your accounting systems are robust enough to handle these obligations.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
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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