Glossary · People and paperwork
Closing Disclosure
In short
This is a detailed five-page form that provides final details about your loan. It includes the loan terms, projected monthly payments, and how much you'll pay in fees and other costs to get your mortgage.
What it means in a deal
You'll receive this at least three business days before closing. Review it carefully to ensure all fees and terms match what you agreed to in your SBA Loan Authorization. Any discrepancies need to be addressed with your lender immediately before signing.
Related terms
Common questions about Closing Disclosure
- If a seller note on full standby is repaid prematurely, what are the lender's disclosure obligations to the SBA?
- Which pre-closing business expenses can count towards equity?
- When is an amended SBA loan authorization required after closing?
- Can working capital be used for unexpected business expenses after closing?
- Is a cash infusion into the business prior to closing considered equity?
- How does the underwriting timeline for business life insurance impact loan closing schedules?
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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