Glossary · People and paperwork
In short
A third-party agent is any person or entity, other than the borrower or lender, who helps with the loan process, like a broker or consultant. They often charge fees for their services.
Be aware that the SBA regulates fees paid to third-party agents. Ensure all such fees are disclosed, reasonable, and for actual services rendered. Some fees, like packaging fees, can be financed into the loan, but others may be out-of-pocket expenses.
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.
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