{"ok":true,"canonical_url":"https://dealroom.so/glossary/collateral-package","api_url":"https://dealroom.so/api/public/glossary/collateral-package","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":"collateral-package","term":"Collateral Package","group":"Doing the deal","definition":"This refers to all the assets pledged to secure an SBA loan, ensuring the lender can recover funds if you default. It typically includes business assets and, if needed, personal assets.","what_it_means":"For an SBA 7(a) loan, the lender will take a first lien on all business assets. If there's a collateral shortfall, they may require a lien on personal assets, like your home (often a second mortgage). Understand every asset included in your collateral package and its implications for you.","url":"https://dealroom.so/glossary/collateral-package","official_sources":[{"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"},{"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":"ucc-1","term":"UCC-1","url":"https://dealroom.so/glossary/ucc-1"},{"slug":"lien","term":"Lien","url":"https://dealroom.so/glossary/lien"},{"slug":"collateral-shortfall","term":"Collateral shortfall","url":"https://dealroom.so/glossary/collateral-shortfall"}],"related_questions":[{"question":"How does a lender process a Universal Purchase Package (UPP) when collateral is still being liquidated?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-process-a-universal-purchase-package-upp-when-collateral-is-still-being-"},{"question":"What is the primary purpose of the Universal Purchase Package (UPP)?","url":"https://dealroom.so/for-lenders/questions/what-is-the-primary-purpose-of-the-universal-purchase-package-upp"},{"question":"Can a lender include unapproved legal fees in a Universal Purchase Package (UPP)?","url":"https://dealroom.so/for-lenders/questions/can-a-lender-include-unapproved-legal-fees-in-a-universal-purchase-package-upp"},{"question":"What is the primary purpose of the Universal Purchase Package (UPP) for lenders?","url":"https://dealroom.so/for-lenders/questions/what-is-the-primary-purpose-of-the-universal-purchase-package-upp-for-lenders"},{"question":"What happens if a lender submits an incomplete Universal Purchase Package (UPP) to the SBA?","url":"https://dealroom.so/for-lenders/questions/what-happens-if-a-lender-submits-an-incomplete-universal-purchase-package-upp-to-the-sba"},{"question":"What documentation is required to request a guaranty purchase using the Universal Purchase Package (UPP)?","url":"https://dealroom.so/for-lenders/questions/what-documentation-is-required-to-request-a-guaranty-purchase-using-the-universal-purchase"}]},"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 — Collateral Package","url":"https://dealroom.so/glossary/collateral-package","source_type":"DealRoom Data"}}