{"ok":true,"canonical_url":"https://dealroom.so/glossary/business-assets","api_url":"https://dealroom.so/api/public/glossary/business-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":"business-assets","term":"Business Assets","group":"Reading the business","definition":"These are things the business owns that have value, like equipment, inventory, or customer lists. Buyers care because these assets generate revenue and serve as collateral for your SBA loan.","what_it_means":"In an asset purchase, you're buying specific business assets, not the legal entity itself. This includes tangible items like machinery and real estate, and intangible assets like goodwill and intellectual property. You'll need to understand what assets are included in the sale, their fair market value, and ensure they are adequate to collateralize your SBA loan.","url":"https://dealroom.so/glossary/business-assets","official_sources":[],"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":"inventory","term":"Inventory","url":"https://dealroom.so/glossary/inventory"}],"related_questions":[{"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":"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":"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 — Business Assets","url":"https://dealroom.so/glossary/business-assets","source_type":"DealRoom Data"}}