Glossary · The loan itself
Check-cashing business
In short
Businesses primarily engaged in check cashing are generally ineligible for SBA 7(a) loans. The SBA has rules against funding certain financial service businesses.
What it means in a deal
If the target business's main source of revenue comes from cashing checks, it will not qualify for an SBA loan. This is a specific exclusion under SBA eligibility rules for financial businesses. Confirm the business's primary NAICS code and activities.
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 Check-cashing business
- Does the SBA check my personal credit score directly when I apply?
- What kind of records does the SBA check about my personal background?
- Does the SBA check my personal background, like criminal history, for a loan?
- When is a lender required to conduct a criminal background check for non-owner managers or key employees of an applicant business?
- How do I check if a specific franchise system is eligible for SBA 7(a) financing?
- Does the SBA check for past defaults on federal debts, like student loans or prior SBA loans?
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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