Glossary · Doing the deal
In short
This is your formal application to a lender, outlining the amount you need, its purpose, and how you plan to repay it. It kicks off the underwriting process.
Your loan request should be well-supported by a strong business plan, financial projections, and all required personal and business documentation. A clear, comprehensive request makes the lender's job easier and speeds up your approval process. Be prepared to provide extensive detail.
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.
Line up financing while you're under LOI
Tell us the business, the price, and your timeline — we'll match you with lenders who close deals like yours and flag anything that stalls the process.
Free · No documents · Usually same-day