{"ok":true,"canonical_url":"https://dealroom.so/glossary/fixed-asset","api_url":"https://dealroom.so/api/public/glossary/fixed-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":"fixed-asset","term":"Fixed Asset","group":"Reading the business","definition":"These are long-term tangible assets like property, plant, and equipment that a business owns and uses to generate income, not for sale in the ordinary course of business.","what_it_means":"Fixed assets often serve as collateral for your SBA loan. During due diligence, you'll verify the existence and condition of these assets. An appraisal may be required to determine their fair market value for collateral purposes.","url":"https://dealroom.so/glossary/fixed-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":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"appraisal","term":"Appraisal","url":"https://dealroom.so/glossary/appraisal"},{"slug":"tangible-asset","term":"Tangible asset","url":"https://dealroom.so/glossary/tangible-asset"},{"slug":"balance-sheet","term":"Balance Sheet","url":"https://dealroom.so/glossary/balance-sheet"}],"related_questions":[{"question":"Is a blanket lien on all business assets always required for a 7(a) loan, regardless of loan size or asset value?","url":"https://dealroom.so/for-lenders/questions/is-a-blanket-lien-on-all-business-assets-always-required-for-a-7-a-loan-regardless-of-loan"},{"question":"What is the difference between an asset and stock purchase in a buyout?","url":"https://dealroom.so/sba-7a/questions/what-is-the-difference-between-an-asset-and-stock-purchase-in-a-buyout"},{"question":"Are SBA 7(a) loan interest rates fixed or variable?","url":"https://dealroom.so/sba-7a/questions/are-sba-7-a-loan-interest-rates-fixed-or-variable"},{"question":"How does a recent significant personal asset purchase affect my SBA 7(a) loan application?","url":"https://dealroom.so/sba-7a/questions/how-does-a-recent-significant-personal-asset-purchase-affect-my-sba-7-a-loan-application"},{"question":"Are SBA 7(a) loan interest rates typically fixed or variable?","url":"https://dealroom.so/sba-loans/basics/are-sba-7-a-loan-interest-rates-typically-fixed-or-variable"},{"question":"Are interest rates on SBA 7(a) loans fixed or variable?","url":"https://dealroom.so/sba-loans/basics/are-interest-rates-on-sba-7-a-loans-fixed-or-variable"}]},"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 — Fixed Asset","url":"https://dealroom.so/glossary/fixed-asset","source_type":"DealRoom Data"}}