Glossary · Doing the deal
In short
The legally binding contract detailing all terms and conditions of a business acquisition, signed by both buyer and seller. Buyers care because this document dictates exactly what you're buying, for how much, and under what conditions.
This is the critical document for your SBA lender, as it outlines the deal's structure, including asset purchase or stock purchase, purchase price allocation, and any seller financing. Work with legal counsel to ensure it protects your interests and aligns with SBA eligibility rules before signing.
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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