Glossary · Doing the deal
In short
The legal process of changing who holds the title or equity in a business. This is the core event of an acquisition, making you the new legal owner.
This is the ultimate goal of your acquisition. For an SBA 7(a) loan, the Transfer of Ownership is formalized at closing, typically through an asset purchase agreement or stock purchase agreement. Ensure all necessary legal documents, such as UCC filings or deeds, are properly executed and recorded to secure your interest and the lender's lien position.
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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