Glossary · Doing the deal
In short
This is a review by the SBA or lender to ensure all loan documents and procedures followed SBA rules and the loan agreement. It checks for compliance and proper execution.
The SBA conducts loan audits to verify that lenders comply with program rules and that loans are properly underwritten and serviced. While typically a lender concern, issues discovered in an audit could impact your loan's SBA guaranty, though this is rare for a performing loan. Focus on providing accurate information during origination.
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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