Glossary · Doing the deal
Attorney Fees
In short
Costs for legal services related to drafting and reviewing purchase agreements, loan documents, and other deal-related contracts. These are a necessary expense for protecting your interests.
What it means in a deal
You will incur attorney fees for both your legal counsel and potentially the lender's counsel. Your attorney protects your interests in the purchase agreement and ensures you understand all loan terms. Don't skimp here; good legal advice is critical for a smooth closing and avoiding future liabilities.
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 Attorney Fees
- Can professional fees incurred during the due diligence phase, like attorney or accountant fees, count towards my equity injection?
- Can an SBA 7(a) loan include funds for closing costs like attorney fees?
- Are closing costs, like attorney fees, eligible to be part of the project costs for an SBA loan?
- Besides upfront fees, are there ongoing annual fees for an SBA 7(a) loan?
- Can the lender charge application fees or underwriting fees in addition to the SBA guaranty fee?
- Are there different annual service fees (ongoing guaranty fees) based on the loan amount for an SBA 7(a) loan?
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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