Glossary · People and paperwork
In short
This is the official document from the SBA that approves your loan, outlining all the terms, conditions, and requirements. It's the blueprint for your 7(a) loan.
Your lender gets this after underwriting and SBA approval. Review it carefully with your attorney and lender, as it dictates everything from loan amount and interest rate to collateral requirements and closing conditions. Any deviations need to be addressed before closing.
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.
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.
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