Glossary · The loan itself
In short
The party designated to receive payment from an insurance policy in case of loss or damage. Your lender will be listed as a loss payee on your business insurance policies.
For an SBA 7(a) loan, the lender is typically named as a loss payee on property and casualty insurance policies covering the business assets that serve as collateral. This ensures the lender's interest is protected if the collateral is damaged or destroyed.
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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