Glossary · People and paperwork
In short
This refers to an individual or non-bank institution that provides loans, often with different criteria and terms than traditional banks. They can be a source of capital but come with their own set of considerations.
While your primary acquisition financing will be from an SBA-approved lender, you might encounter private lenders if you need to bridge an equity gap or secure financing for aspects not covered by the 7(a) loan. Always scrutinize their terms, interest rates, and fees, as they can differ significantly from conventional or SBA loans. Ensure their involvement doesn't conflict with SBA rules.
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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