Glossary · People and paperwork
Loan document
In short
The complete set of legal agreements that define the terms and conditions of your SBA loan, including the promissory note, security agreements, and personal guarantee.
What it means in a deal
These documents outline your repayment obligations, what collateral is pledged, and the covenants you must abide by. Read every document carefully with your attorney before signing. Understand the consequences of default and all your responsibilities as a borrower and guarantor.
Official sources
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 Loan document
- What is an SBA *loan authorization* document, and why is it important?
- What is the specific SBA policy document that addresses collateral life insurance requirements?
- What information is required to document the purchase price allocation for a business acquisition?
- How does a lender document adherence to prudent lending standards in the underwriting credit memo?
- How must a lender document the chosen base rate for a variable rate 7(a) loan in the loan authorization?
- How does the buyer's responsiveness to document requests affect the SBA 7(a) application timeline?
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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