Glossary · Your money in the deal
Form 155
In short
The standby agreement document. It also stops the seller from acting against you or the collateral without the lender's consent.
What it means in a deal
SBA Form 155 is the two-party standby agreement that lenders require when a seller note is involved. The seller signs it to acknowledge that they won't receive payments and won't take action against the business assets or the borrower during the standby period. Without a signed Form 155, the seller note doesn't count toward your equity injection. Collect it at closing alongside the promissory note and keep it with your deal file.
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 2026-06-16. Official sources control — verify before relying on any rule for a live deal.
Related terms
Common questions about Form 155
- What is the primary purpose of SBA Form 1919, 'Borrower Information Form'?
- When must an applicant update their SBA Form 1919, Borrower Information Form, during underwriting?
- What is the primary purpose of SBA Form 1919 (Borrower Information Form) in 7(a) loan processing?
- What is the importance of the SBA Form 1919 (Borrower Information Form) in the 7(a) loan application process?
- What is the primary purpose of SBA Form 1919 for eligibility?
- When is an Environmental Questionnaire (Form 1081) required for a loan?
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 2026-06-16 · 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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