{"ok":true,"canonical_url":"https://dealroom.so/glossary/assets","api_url":"https://dealroom.so/api/public/glossary/assets","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"assets","term":"Assets","group":"Reading the business","definition":"Items of value owned by the business, like cash, inventory, equipment, or real estate. These are what you acquire and what the bank might use as collateral.","what_it_means":"In an asset purchase for an SBA 7(a) loan, you are buying the business's assets. These assets will serve as collateral for your loan. Understanding their value and condition is critical during due diligence.","url":"https://dealroom.so/glossary/assets","official_sources":[{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"}],"related":[{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"tangible-asset","term":"Tangible asset","url":"https://dealroom.so/glossary/tangible-asset"},{"slug":"intangible-asset","term":"Intangible asset","url":"https://dealroom.so/glossary/intangible-asset"},{"slug":"business-valuation","term":"Business valuation","url":"https://dealroom.so/glossary/business-valuation"}],"related_questions":[{"question":"Do I need personal assets to secure the loan if the business assets are sufficient?","url":"https://dealroom.so/sba-loans/basics/do-i-need-personal-assets-to-secure-the-loan-if-the-business-assets-are-sufficient"},{"question":"If the business's assets are insufficient, will I need to pledge personal assets as collateral?","url":"https://dealroom.so/sba-7a/questions/if-the-business-s-assets-are-insufficient-will-i-need-to-pledge-personal-assets-as-collate"},{"question":"Can a business owner's personal assets be used as collateral if business assets are limited?","url":"https://dealroom.so/sba-loans/basics/can-a-business-owner-s-personal-assets-be-used-as-collateral-if-business-assets-are-limite"},{"question":"Does the SBA take a lien on all business assets, even minor fixtures or intangible assets?","url":"https://dealroom.so/sba-7a/questions/does-the-sba-take-a-lien-on-all-business-assets-even-minor-fixtures-or-intangible-assets"},{"question":"If business assets are limited, what specific personal assets, besides real estate, might be required as collateral?","url":"https://dealroom.so/sba-7a/questions/if-business-assets-are-limited-what-specific-personal-assets-besides-real-estate-might-be-"},{"question":"Can a lender require a lien on my personal assets like a recreational boat or vacation home if business assets are insufficient?","url":"https://dealroom.so/sba-7a/questions/can-a-lender-require-a-lien-on-my-personal-assets-like-a-recreational-boat-or-vacation-hom"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Assets","url":"https://dealroom.so/glossary/assets","source_type":"DealRoom Data"}}