Glossary · People and paperwork
In short
A legal arrangement where the person who creates the trust (the grantor) can change or cancel it during their lifetime. Assets held in it are still considered owned by the grantor for tax purposes.
If a seller or a key principal holds business assets or equity in a revocable grantor trust, the SBA treats the grantor as the owner for eligibility and guarantee purposes. The trust document will be reviewed to confirm who the true beneficial owners are and if they need to be guarantors.
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.
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.
Free · No documents · Usually same-day