Glossary · People and paperwork
In short
The company providing insurance coverage for the business and its assets. The SBA requires specific types and levels of insurance to protect its collateral.
Your lender will require you to secure adequate property, liability, and often Key man insurance, naming the lender as an additional insured or loss payee. Work with a knowledgeable commercial insurance broker to ensure all SBA requirements are met before closing, especially for property with a UCC Lien.
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.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
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