Glossary · People and paperwork
AML/KYC checks
In short
These are mandatory background checks performed by lenders to verify your identity and ensure you're not involved in illegal financial activities. They protect against fraud and comply with federal regulations.
What it means in a deal
Before approving your SBA loan, the lender must conduct AML/KYC checks on all key principals. This involves verifying your identity, reviewing credit reports, and checking for any criminal offenses or debarment from federal programs. Expect to provide detailed personal information and documentation.
Official sources
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.
Related terms
Common questions about AML/KYC checks
Defined by CapBench 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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