Glossary · Doing the deal
In short
This is an initial check by a lender to see if you and the business broadly meet SBA loan requirements. It's a quick way to gauge your eligibility before committing to a full application.
Lenders use your Form 1919 and basic financials to give a preliminary "yes" or "no." A pre-qualification is not a loan commitment but indicates a high likelihood of approval, saving you time and effort later. Use it to inform your LOI.
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
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.
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