Glossary · People and paperwork
In short
Financial compensation ordered by a court to victims of a crime. Unpaid restitution from the buyer or seller can hinder loan approval.
The SBA requires a "good character" assessment for all key principals. If you or the seller have outstanding court-ordered restitution, especially related to financial crimes, your 7(a) loan application will likely be denied. Lenders will check your credit report and criminal history.
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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