Glossary · People and paperwork
In short
Good character refers to the borrower's honesty, integrity, and financial track record, which lenders assess to determine creditworthiness and reliability.
The SBA requires all principals of the borrowing entity to demonstrate good character. This involves reviewing your credit report, criminal history, and any past bankruptcies or defaults on government debt. Any red flags here can derail your SBA 7(a) loan application. Be transparent with your lender early on.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SBA Form 1919 — Borrower Information Form
U.S. Small Business Administration · SBA form
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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