Glossary · People and paperwork
In short
A broker for larger deals, typically $1M+ in value. Runs a structured process with multiple buyers and deeper financial packaging.
M&A advisors handle larger, more complex transactions and typically run a competitive auction process with multiple buyers rather than listing on a public marketplace. They prepare more sophisticated financial packages, engage strategic buyers and financial sponsors, and may negotiate higher multiples for sellers. On DealRoom, advisors manage the buyer progression process — from Deal Book release to buyer verification — instead of email and shared drives.
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 2026-06-14 · 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.
Free · No documents · Usually same-day