Glossary · People and paperwork
In short
For SBA purposes, this refers to a spouse, child, parent, sibling, or any of their spouses. The SBA often considers transactions or relationships between immediate family members to have an "identity of interest."
When applying for an SBA loan, you must disclose if any immediate family members are involved in the transaction, either as a seller, landlord, or business partner. The SBA views such relationships as having an identity of interest and will carefully review the terms (e.g., purchase price, rent) to ensure they are at fair market value and arm's length.
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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