Glossary · The loan itself
In short
Failing to make scheduled loan payments as agreed in the loan documents. This triggers serious consequences, including potential acceleration of the loan and actions against your collateral and personal guarantee.
If you miss payments, the lender will first try to work with you, but consistent default will lead to liquidation of collateral and ultimately a call of the guaranty from the SBA. This impacts your credit and financial future significantly, so understand your debt service obligations thoroughly.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
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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