Glossary · People and paperwork
In short
This is a contract outlining the terms and conditions under which a third party manages a business or property. It defines roles, responsibilities, and compensation.
In some SBA 7(a) deals, particularly with semi-absentee ownership or specific industry needs, a management agreement might be part of the structure. Ensure the agreement clearly defines the manager's authority and compensation, and that it doesn't violate any SBA affiliation rules. The SBA typically requires owner-operators.
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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