Glossary · The loan itself
In short
This is when the lender releases the loan funds to the borrower or third parties for the approved Use of Proceeds. It's the moment the loan actually funds.
For an SBA acquisition, the lender disburses funds at closing based on the SBA Loan Authorization. Ensure all conditions precedent are met, and funds are directed to the correct parties, such as the seller, escrow, or for working capital.
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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