Glossary · Reading the business
In short
Modifications made to a leased commercial space to customize it for the tenant's specific business needs. These can range from minor cosmetic changes to major structural renovations.
If the business you're buying operates in a leased space, understand what existing tenant improvements are in place and who paid for them. If new improvements are needed, factor these costs into your total project costs, as they can be financed with an SBA loan. Negotiate these with the landlord.
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.
Pressure-test the numbers before you make an offer
Send us the asking price and the seller's cash flow — we'll show whether the deal services SBA debt and where the add-backs are likely to hold up.
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