Glossary · Your money in the deal
In short
The standby agreement document. It also stops the seller from acting against you or the collateral without the lender's consent.
SBA Form 155 is the two-party standby agreement that lenders require when a seller note is involved. The seller signs it to acknowledge that they won't receive payments and won't take action against the business assets or the borrower during the standby period. Without a signed Form 155, the seller note doesn't count toward your equity injection. Collect it at closing alongside the promissory note and keep it with your deal file.
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
SBA Form 1919 — Borrower Information Form
U.S. Small Business Administration · SBA form
Last checked 2026-06-14. 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 2026-06-14 · 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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