{"ok":true,"canonical_url":"https://dealroom.so/glossary/fixed-asset-purchase","api_url":"https://dealroom.so/api/public/glossary/fixed-asset-purchase","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-purchase","term":"Fixed Asset Purchase","group":"Reading the business","definition":"This is when you buy long-term physical assets like equipment or real estate, not inventory. For a buyer, these are key to the business's operational capacity and future value.","what_it_means":"In an SBA 7(a) acquisition, a fixed asset purchase could be a significant portion of the Use of Proceeds. You'll need an appraisal for these assets to confirm their fair market value, especially for larger items or real estate. Ensure the asset's useful life aligns with the loan term.","url":"https://dealroom.so/glossary/fixed-asset-purchase","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":"purchase-of-land","term":"Purchase of Land","url":"https://dealroom.so/glossary/purchase-of-land"},{"slug":"improvement","term":"Improvement","url":"https://dealroom.so/glossary/improvement"},{"slug":"useful-life","term":"Useful life","url":"https://dealroom.so/glossary/useful-life"},{"slug":"appraisal","term":"Appraisal","url":"https://dealroom.so/glossary/appraisal"}],"related_questions":[{"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":"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":"Can an SBA 7(a) loan be used to purchase a business where goodwill is the primary asset?","url":"https://dealroom.so/sba-7a/questions/can-an-sba-7-a-loan-be-used-to-purchase-a-business-where-goodwill-is-the-primary-asset"},{"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-"}]},"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 Purchase","url":"https://dealroom.so/glossary/fixed-asset-purchase","source_type":"DealRoom Data"}}