Glossary · People and paperwork
Director
In short
A director is a person who oversees the general management of a corporation. For a buyer, knowing who the directors are is crucial for understanding the ownership structure and governance of the target business.
What it means in a deal
In an acquisition, you'll identify the directors of the selling entity, especially if it's a corporation. This helps confirm who has the authority to approve the sale and sign documents. Verify their roles in the corporate bylaws and state filings.
Related terms
Common questions about Director
- What specific factors trigger affiliation for size standards based on common management, officers, or directors?
- Beyond common officers/directors, how does a lender assess affiliation through "shared key employee functions" for SBA size standards?
- What specific scenarios involving shared directors, officers, or key employees constitute 'common management' triggering affiliation for SBA size determination?
- What happens if a franchise is not on the SBA directory?
- Does being listed on the SBA Franchise Directory guarantee SBA loan approval?
- What if my desired franchise is not on the SBA's approved directory?
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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