{"ok":true,"canonical_url":"https://dealroom.so/glossary/community-property","api_url":"https://dealroom.so/api/public/glossary/community-property","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":"community-property","term":"Community Property","group":"People and paperwork","definition":"Assets (and debts) acquired by either spouse during marriage in a community property state are considered jointly owned. This affects what collateral can be pledged for an SBA loan and who must sign the guaranty.","what_it_means":"For SBA loans, if you reside in a community property state, any asset acquired during your marriage, even if only in your name, is generally considered community property. This means your spouse's consent or signature on a personal guarantee may be necessary to secure the loan, even if they aren't an owner.","url":"https://dealroom.so/glossary/community-property","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":"community-property-state","term":"Community Property State","url":"https://dealroom.so/glossary/community-property-state"},{"slug":"personal-guarantee","term":"Personal guarantee","url":"https://dealroom.so/glossary/personal-guarantee"},{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"guaranty","term":"Guaranty","url":"https://dealroom.so/glossary/guaranty"}],"related_questions":[{"question":"If the business property is owned by the seller's separate entity, can the SBA 7(a) loan include financing for both the business and the property?","url":"https://dealroom.so/sba-7a/questions/if-the-business-property-is-owned-by-the-seller-s-separate-entity-can-the-sba-7-a-loan-inc"},{"question":"What if the business property is owned personally by the seller?","url":"https://dealroom.so/sba-7a/questions/what-if-the-business-property-is-owned-personally-by-the-seller"},{"question":"Can an SBA 7(a) loan finance the purchase of intellectual property?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-finance-the-purchase-of-intellectual-property"},{"question":"What if my business has very little physical property to offer as collateral?","url":"https://dealroom.so/sba-loans/basics/what-if-my-business-has-very-little-physical-property-to-offer-as-collateral"},{"question":"Can an SBA 7(a) loan finance property improvements on leased land or buildings?","url":"https://dealroom.so/sba-7a/questions/can-an-sba-7-a-loan-finance-property-improvements-on-leased-land-or-buildings"},{"question":"What if the acquired business property has existing environmental concerns, like old fuel tanks?","url":"https://dealroom.so/sba-7a/questions/what-if-the-acquired-business-property-has-existing-environmental-concerns-like-old-fuel-t"}]},"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 — Community Property","url":"https://dealroom.so/glossary/community-property","source_type":"DealRoom Data"}}