Glossary · Doing the deal
In short
This is the process of transferring legal and operational control of a business from the seller to the buyer. A smooth transition is vital for business continuity and value preservation.
A detailed transition plan should be part of your deal negotiation, covering customer introductions, vendor relationships, and key employee retention. The SBA 7(a) loan funds the purchase but doesn't manage the transition itself; that's on you and the seller. Ensure you have a non-compete.
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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