Glossary · People and paperwork
In short
An insurance endorsement is an amendment to an existing insurance policy that changes its terms or scope. Lenders often require specific endorsements to protect their interest in the collateral.
Your lender will require specific endorsements on the business's property and casualty insurance policies, naming them as an additional insured or loss payee. These protect the lender's collateral in case of damage or loss. Ensure you understand these requirements and budget for any increased premiums.
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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