Glossary · Doing the deal
In short
A repayment agreement is a formal contract detailing the terms by which a debt will be repaid. It outlines payment schedules, interest rates, and consequences for default.
In an acquisition, a repayment agreement is crucial for any seller financing or other subordinated debt. The SBA requires specific language in these agreements, often mandating a 'standby' period where the seller receives no payments. Ensure the terms align with SBA requirements, especially if the seller note is part of your equity injection.
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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