Glossary · People and paperwork
Criminal information
In short
A formal accusation of a crime filed by a prosecutor without a grand jury indictment. Similar to a felony indictment, it poses a significant challenge to SBA loan eligibility.
What it means in a deal
Like a felony indictment, a criminal information filing against you or a Key Principal can disqualify you from an SBA loan due to the "Good Character" requirement. Lenders will scrutinize any such legal action. Full disclosure is mandatory on SBA Form 1919.
Official sources
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
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
Common questions about Criminal information
- What critical information often missing from a Universal Purchase Package (UPP) leads to an SBA request for more information?
- Which criminal history issues commonly prevent SBA loan approval?
- Does misrepresenting financial information on the SBA application automatically kill approval?
- How do criminal history issues commonly prevent SBA loan approval?
- What is the primary purpose of SBA Form 1919, 'Borrower Information Form'?
- Can failing to disclose information kill my SBA 7(a) loan approval?
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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