Glossary · People and paperwork
Chief Operating Officer(COO)
In short
A senior executive responsible for managing the daily operations of a company. They ensure the business runs efficiently and effectively.
What it means in a deal
If the business you're buying has a COO, you need to understand their role and whether they will stay post-acquisition. Their retention can be crucial for continuity, especially if you're new to the industry. Evaluate their compensation and their fit within your future management structure.
Related terms
Common questions about Chief Operating Officer
- What is the role of an SBA Business Development Officer (BDO) in my loan process?
- How does an operating agreement impact an SBA partner buyout loan?
- What duration of post-acquisition operating expenses can working capital typically cover?
- Are there any minimum requirements for how long my business has been operating?
- Does my business need to be operating for a certain time before applying?
- How does the SBA determine affiliation for businesses operating under a license agreement?
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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