SBA 7(a) Q&A
Short answer
Yes, reasonable and customary closing costs, including legal and accounting fees related to the acquisition, can be included in the total project cost when calculating the required 10% equity injection.
The total project cost for SBA purposes includes the purchase price of the business, working capital, inventory, real estate (if applicable), and reasonable professional fees associated with the acquisition. The 10% equity injection is then calculated on this comprehensive total.
If the business purchase price is $900,000 and closing costs (legal, accounting, SBA fees) are $50,000, the total project cost is $950,000. Your minimum equity injection would then be $95,000 (10% of $950,000).
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
7(a) Loan Program — Terms, Conditions, and Eligibility
U.S. Small Business Administration · Official SBA source
SOP 50 10 - Lender and Development Company Loan Programs
Last checked 2026-06-14. Official sources control — verify before relying on any rule for a live deal.
Last reviewed 2026-06-14 · SBA sources checked through 2026-06-14. DealRoom analysis of public SBA 7(a) lending records (FY2020–present). Grounded in the current SBA rulebook; verify against the official sources above before relying on it for a live deal. Not legal, tax, or financial advice, and not an approval decision.
More on what counts toward the 10%
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