Glossary · People and paperwork
In short
A contract between two or more creditors outlining their respective rights and priorities concerning a common borrower and shared collateral. It determines who gets paid first if the business defaults.
In an SBA 7(a) deal, an intercreditor agreement is crucial if there's a seller note or other subordinated debt alongside the SBA loan. It formally establishes the SBA lender's first lien position and the terms under which other creditors can be repaid, often involving standby provisions.
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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