Glossary · Doing the deal
Full satisfaction
In short
The complete payment of a debt or fulfillment of an obligation, releasing the debtor from further liability. This is the goal for all debts in a deal.
What it means in a deal
At closing, all existing business debt not being assumed or refinanced must be paid in full satisfaction. Ensure the closing statement clearly shows all seller liabilities are extinguished or handled.
Related terms
Common questions about Full satisfaction
- What happens if business assets are insufficient for full loan collateral?
- What is the required duration of a full standby seller note?
- What are the specific conditions for an acceptable full standby agreement?
- Can a full standby seller note accrue interest during the standby period?
- Under what conditions can a seller note on full standby be repaid early?
- What specific language must a seller note contain to qualify as full standby?
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.
Line up financing while you're under LOI
Tell us the business, the price, and your timeline — we'll match you with lenders who close deals like yours and flag anything that stalls the process.
Free · No documents · Usually same-day
Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.