Glossary · Doing the deal
In short
A preliminary assessment by a lender indicating how much you might be able to borrow for a business acquisition, based on your financial profile. It confirms your eligibility and capacity before you make an offer.
Getting pre-approved for an SBA 7(a) loan is crucial before seriously looking at businesses. It tells sellers and brokers you're a serious, qualified buyer and speeds up the Letter of Intent (LOI) and due diligence process. A pre-approval signals that your personal credit, liquidity, and experience meet initial lender requirements.
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.
Line up financing while you're under LOI
Tell us the business, the price, and your timeline — we'll match you with lenders who close deals like yours and flag anything that stalls the process.
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