Glossary · People and paperwork
Disclosures
In short
Information that must be revealed to another party, typically regarding material facts about the business or the loan transaction. As a buyer, you rely on seller disclosures for due diligence, and you'll make disclosures to the lender and SBA.
What it means in a deal
Sellers are obligated to disclose material facts about the business, including liabilities, pending litigation, or environmental issues. Lenders and the SBA also require specific disclosures from buyers, such as affiliations or potential conflicts of interest. Always be transparent; failure to disclose material information can lead to severe consequences.
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 Disclosures
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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