Glossary · Doing the deal
In short
The process of acquiring the rights to use a property under an existing lease agreement, rather than purchasing the property outright. This is common when the business operates from leased premises.
When buying a business that leases its space, you'll acquire the leasehold interest. The SBA lender will require a new lease or an assignment of the existing lease in your name, often with a landlord subordination agreement to protect their collateral interests in leasehold improvements.
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.
Line up financing while you're under LOI
Tell us the business, the price, and your timeline — we'll match you with lenders who close deals like yours and flag anything that stalls the process.
Free · No documents · Usually same-day