Glossary · The loan itself
In short
The first disbursement is when the initial funds from your SBA loan are released, typically at closing. This marks the official funding of your acquisition.
At the closing date, the loan funds are disbursed according to the Use of Proceeds section of your SBA Loan Authorization. This usually involves paying the seller, covering closing costs, and potentially funding initial working capital. Ensure all conditions precedent to disbursement are met.
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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