Glossary · People and paperwork
CEO
In short
The highest-ranking executive in a company, responsible for overall strategic direction and operations. As the new CEO, you will be the primary guarantor and key person for the SBA loan, making your experience and character critical.
What it means in a deal
In an acquisition, you, as the incoming CEO or managing member, will be considered a "key principal." The SBA and lender will evaluate your management experience, credit history, and character. Your ability to run the business effectively is central to the loan's approval and success.
Official sources
SBA Form 1919 — Borrower Information Form
U.S. Small Business Administration · SBA form
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Related terms
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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