Glossary · Doing the deal
In short
This document details all funds exchanged between parties in a transaction, including the purchase price, fees, and prorations. You'll review this at closing to ensure all financial aspects of the deal are accurately reflected and accounted for.
For your 7(a) acquisition, the Settlement Statement (often a Closing Disclosure or similar for business sales) will itemize every cost, credit, and cash flow. Scrutinize it to confirm your Equity injection, lender closing costs, legal fee, and the seller's proceeds match your expectations and the SBA Loan Authorization.
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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