{"ok":true,"canonical_url":"https://dealroom.so/glossary/fixed-assets","api_url":"https://dealroom.so/api/public/glossary/fixed-assets","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-assets","term":"Fixed assets","group":"Reading the business","definition":"These are long-term tangible assets a business owns and uses to generate income, like property, plant, and equipment. They are not intended for sale in the ordinary course of business.","what_it_means":"Fixed assets are crucial collateral for an SBA loan and represent tangible value in the business. Ensure they are well-maintained and appraised accurately during due diligence, as their condition impacts future operations and loan security.","url":"https://dealroom.so/glossary/fixed-assets","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":"tangible-asset","term":"Tangible asset","url":"https://dealroom.so/glossary/tangible-asset"},{"slug":"appraisal","term":"Appraisal","url":"https://dealroom.so/glossary/appraisal"},{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"useful-life","term":"Useful life","url":"https://dealroom.so/glossary/useful-life"}],"related_questions":[{"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":"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"},{"question":"Are SBA 7(a) loan interest rates fixed or variable, or both?","url":"https://dealroom.so/sba-loans/basics/are-sba-7-a-loan-interest-rates-fixed-or-variable-or-both"},{"question":"Are interest rates on SBA 7(a) loans generally fixed or adjustable?","url":"https://dealroom.so/sba-loans/basics/are-interest-rates-on-sba-7-a-loans-generally-fixed-or-adjustable"},{"question":"Are SBA 7(a) loan interest rates usually fixed or variable over time?","url":"https://dealroom.so/sba-loans/basics/are-sba-7-a-loan-interest-rates-usually-fixed-or-variable-over-time"}]},"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 assets","url":"https://dealroom.so/glossary/fixed-assets","source_type":"DealRoom Data"}}