Glossary · The loan itself
In short
This is a business designed to generate profits for its owners. The SBA 7(a) loan program is exclusively for these types of businesses, not non-profits.
To qualify for an SBA 7(a) loan, the business you're acquiring must be a for-profit entity. Non-profits are generally ineligible, with very few exceptions. Confirm the business's legal structure and tax status align with this requirement before applying.
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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