Glossary · People and paperwork
In short
This means intentionally failing to disclose important information that would influence a decision, like a loan approval. Buyers care because it's considered fraud by the SBA and can lead to severe penalties, including loan denial or revocation.
The SBA takes nondisclosure seriously. If you or the seller intentionally leave out crucial details on loan applications or financial statements, it can invalidate your loan guaranty or lead to accusations of fraud. Always ensure all information provided to the lender is complete and accurate.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SBA Form 1919 — Borrower Information Form
U.S. Small Business Administration · SBA form
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.
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