Glossary · People and paperwork
In short
Aka: KYC. This is a mandatory process where lenders verify a borrower's identity, financial history, and source of funds to comply with anti-money laundering laws. It's a rigorous part of SBA loan underwriting.
Expect to provide extensive personal and financial documentation, including bank statements, tax returns, and explanations for any large deposits. For foreign-sourced equity, KYC is particularly thorough, requiring detailed proof of fund origins. Be proactive in gathering all requested information to avoid delays.
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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