{"ok":true,"canonical_url":"https://dealroom.so/glossary/cash-surrender-value","api_url":"https://dealroom.so/api/public/glossary/cash-surrender-value","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":"cash-surrender-value","term":"Cash surrender value","group":"Your money in the deal","definition":"The amount of money you get back if you cancel a permanent life insurance policy before it matures. For a buyer, this can be a source of funds for your equity injection.","what_it_means":"If you have whole life or universal life insurance, the cash surrender value is a liquid asset. Lenders may consider this as part of your personal liquidity for your equity injection, though it's less common than using cash or investments. You'd need to liquidate the policy or borrow against it.","url":"https://dealroom.so/glossary/cash-surrender-value","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"},{"slug":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"}],"related":[{"slug":"life-insurance","term":"Life insurance","url":"https://dealroom.so/glossary/life-insurance"},{"slug":"equity-injection","term":"Equity injection","url":"https://dealroom.so/glossary/equity-injection"},{"slug":"personal-liquidity","term":"Personal liquidity","url":"https://dealroom.so/glossary/personal-liquidity"},{"slug":"seasoned-funds","term":"Seasoned funds","url":"https://dealroom.so/glossary/seasoned-funds"}],"related_questions":[{"question":"How does the SBA verify the value of an equity injection consisting of non-cash assets, like equipment?","url":"https://dealroom.so/sba-7a/questions/how-does-the-sba-verify-the-value-of-an-equity-injection-consisting-of-non-cash-assets-lik"},{"question":"Can personal retirement accounts or life insurance cash values be used as collateral if business assets are insufficient?","url":"https://dealroom.so/sba-7a/questions/can-personal-retirement-accounts-or-life-insurance-cash-values-be-used-as-collateral-if-bu"},{"question":"Can a lender rely on a universal life insurance policy that has a cash value for a collateral assignment on a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/can-a-lender-rely-on-a-universal-life-insurance-policy-that-has-a-cash-value-for-a-collate"},{"question":"What if the primary business assets are specialized machinery with limited resale value?","url":"https://dealroom.so/sba-7a/questions/what-if-the-primary-business-assets-are-specialized-machinery-with-limited-resale-value"},{"question":"How does the SBA evaluate the value of contributed equipment for equity injection?","url":"https://dealroom.so/for-lenders/questions/how-does-the-sba-evaluate-the-value-of-contributed-equipment-for-equity-injection"},{"question":"Besides cash, what non-cash assets can I contribute to meet the 10% equity injection for an $800,000 acquisition?","url":"https://dealroom.so/sba-7a/questions/besides-cash-what-non-cash-assets-can-i-contribute-to-meet-the-10-equity-injection-for-an-"}]},"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 — Cash surrender value","url":"https://dealroom.so/glossary/cash-surrender-value","source_type":"DealRoom Data"}}