Glossary · Doing the deal
In short
A report determining if a property is located in a Special Flood Hazard Area (SFHA) as designated by FEMA. This is a required step for all SBA 7(a) loans.
Your lender will order this report early in the closing process. If the determination identifies the property as being in an SFHA, flood insurance will be a mandatory condition for your loan closing. Plan for the potential cost and time involved in securing this insurance.
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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