Glossary · Doing the deal
In short
A temporary pause in your loan payments, usually for principal and sometimes interest, granted by the lender under specific circumstances. Buyer cares because it can provide crucial breathing room if the business faces unexpected early challenges.
If your newly acquired business struggles post-closing due to unforeseen issues, a temporary deferment might be an option. You'd need to negotiate this with your lender, demonstrating the temporary nature of the hardship and a clear plan to resume payments. It's not a given, so have a strong contingency plan.
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.
Line up financing while you're under LOI
Tell us the business, the price, and your timeline — we'll match you with lenders who close deals like yours and flag anything that stalls the process.
Free · No documents · Usually same-day