Glossary · People and paperwork
In short
A trust that generally cannot be modified, amended, or terminated by the grantor after it's created. The grantor gives up control over the assets transferred into it.
If a business's ownership or assets are held in an irrevocable trust, the SBA will require the trustee and potentially the beneficiaries to be involved. The lender will need to understand who controls the trust and its assets, as these individuals may be required to guarantee the loan.
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.
Free · No documents · Usually same-day