Glossary · The loan itself
In short
These are the legal documents that define the terms of your loan, including the promissory note, security agreements, and guaranty agreements. They legally bind you to the loan's repayment.
Before closing, your attorney must review all loan instruments carefully. Understand every covenant, collateral requirement, and personal obligation. These documents dictate your responsibilities and the lender's rights throughout the loan's life.
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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