Glossary · People and paperwork
In short
The entire set of legal agreements that define your loan terms, obligations, and the lender's rights. You must understand every clause before signing, as these are legally binding.
These include the promissory note, security agreements, personal guarantees, and any other agreements related to the SBA 7(a) loan. Your attorney will review these documents extensively before closing. Pay close attention to covenants, collateral descriptions, and default provisions to avoid surprises.
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.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
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