{"ok":true,"canonical_url":"https://dealroom.so/glossary/community-property-asset","api_url":"https://dealroom.so/api/public/glossary/community-property-asset","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-asset","term":"Community property asset","group":"People and paperwork","definition":"In community property states, assets acquired during marriage are typically owned equally by both spouses, even if only one name is on the title. This includes business assets or personal collateral.","what_it_means":"If you're married and live in a community property state (like CA, TX, AZ), your spouse will likely need to sign certain loan documents, even if they aren't directly involved in the business. This ensures the lender can secure collateral and that any personal guaranty is valid. Be prepared for your spouse's involvement in the paperwork.","url":"https://dealroom.so/glossary/community-property-asset","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":"personal-guarantee","term":"Personal guarantee","url":"https://dealroom.so/glossary/personal-guarantee"},{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"personal-financial-statement","term":"Personal financial statement","url":"https://dealroom.so/glossary/personal-financial-statement"}],"related_questions":[{"question":"What if the business I'm buying has intellectual property (e.g., patents, trademarks) as its main asset?","url":"https://dealroom.so/sba-7a/questions/what-if-the-business-i-m-buying-has-intellectual-property-e-g-patents-trademarks-as-its-ma"},{"question":"How does an SBA 7(a) loan address the financing of intellectual property as a major business asset?","url":"https://dealroom.so/sba-7a/questions/how-does-an-sba-7-a-loan-address-the-financing-of-intellectual-property-as-a-major-busines"},{"question":"When can an SBA 7(a) loan finance the purchase of intellectual property as a primary asset in an acquisition?","url":"https://dealroom.so/for-lenders/questions/when-can-an-sba-7-a-loan-finance-the-purchase-of-intellectual-property-as-a-primary-asset-"},{"question":"Can an SBA 7(a) loan be used to purchase a patent or other intellectual property as a primary asset?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-be-used-to-purchase-a-patent-or-other-intellectual-property-as-a-prima"},{"question":"Can an SBA 7(a) loan finance the purchase of intellectual property, like a patent portfolio, as a primary asset?","url":"https://dealroom.so/sba-7a/questions/can-an-sba-7-a-loan-finance-the-purchase-of-intellectual-property-like-a-patent-portfolio-"},{"question":"Can an SBA 7(a) loan finance the purchase of intellectual property, like a software patent, as a primary asset in an acquisition?","url":"https://dealroom.so/sba-7a/questions/can-an-sba-7-a-loan-finance-the-purchase-of-intellectual-property-like-a-software-patent-a"}]},"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 asset","url":"https://dealroom.so/glossary/community-property-asset","source_type":"DealRoom Data"}}