Glossary · People and paperwork
In short
An agreement with the IRS to pay overdue taxes in installments. Lenders will review this history closely as part of your financial character.
If you or the seller have an IRS payment plan, the lender needs to see it's current and manageable. Unpaid taxes can jeopardize loan approval or become a lien against the business's assets.
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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