Glossary · People and paperwork
Ultimate Obligor
In short
This is the legal entity or individual ultimately responsible for repaying the SBA loan. As the buyer, you are typically the ultimate obligor, either directly or through your acquisition entity.
What it means in a deal
The ultimate obligor is the entity or individual legally bound to repay the loan. For an SBA acquisition, this is typically your newly formed operating company, which you will control and personally guarantee. Ensure you understand the full scope of this responsibility and who else might be considered an obligor.
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 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Related terms
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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