Glossary · The loan itself
In short
The official document from the SBA to your lender, approving the loan and outlining all the specific terms, conditions, and requirements. Buyers care because it's the definitive legal document governing your SBA loan, detailing everything you must comply with.
This document is issued after your loan receives SBA approval and before closing. It details the loan amount, interest rate, repayment terms, collateral requirements, and any specific conditions you or the business must meet. Review it carefully with your attorney to ensure all conditions are understood and can be met.
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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