Glossary · Doing the deal
Settlement Statement(Closing Statement)
In short
This document details all funds exchanged between parties in a transaction, including the purchase price, fees, and prorations. You'll review this at closing to ensure all financial aspects of the deal are accurately reflected and accounted for.
What it means in a deal
For your 7(a) acquisition, the Settlement Statement (often a Closing Disclosure or similar for business sales) will itemize every cost, credit, and cash flow. Scrutinize it to confirm your Equity injection, lender closing costs, legal fee, and the seller's proceeds match your expectations and the SBA Loan Authorization.
Related terms
Common questions about Settlement Statement
- Will a past civil lawsuit settlement (not bankruptcy) affect my SBA 7(a) loan eligibility?
- What if my personal financial statement shows low liquid assets?
- How important is my personal financial statement for an SBA 7(a) loan application?
- When is an SBA Form 912 (Statement of Personal History) required for a non-owner guarantor?
- When is SBA Form 912, Statement of Personal History, specifically required for 7(a) loan applicants?
- What is the significance of the 'Statement of Personal History' form for an SBA 7(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 2026-06-15 · 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.