Glossary · The loan itself
In short
These are conditions in your loan agreement that you must continue to meet throughout the loan's term. They protect the lender by ensuring the business remains financially sound.
Your SBA loan agreement will include covenants, such as maintaining specific debt service coverage ratios or providing regular financial statements. Breaching a covenant, even if you're making payments, can put you in default. Understand these requirements thoroughly and ensure your financial management practices can consistently meet them.
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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