Glossary · People and paperwork
In short
The way a business organizes its leadership, roles, and reporting relationships. It defines who makes decisions and how responsibilities are distributed within the company.
Understand the existing management structure of the business you're buying. Will you replace the seller as CEO, or are managers in place? Your lender will want to see a viable plan for managing the business and that key personnel will remain or be replaced effectively.
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.
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.
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