Glossary · Doing the deal
In short
An agreement between a borrower and lender to restructure loan terms to avoid default or foreclosure when the borrower is struggling. This often involves new payment schedules.
If a business you're buying has existing debt that the seller is struggling to manage, a workout might be in progress or considered. Understand if any seller debt is being restructured, as this indicates past financial issues. For your own SBA loan, a workout is a last resort to avoid liquidation.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
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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