{"ok":true,"canonical_url":"https://dealroom.so/glossary/fully-secured","api_url":"https://dealroom.so/api/public/glossary/fully-secured","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":"fully-secured","term":"Fully Secured","group":"The loan itself","definition":"A loan is fully secured when the combined value of all pledged collateral is equal to or greater than the loan amount. This reduces the lender's risk.","what_it_means":"The SBA requires all 7(a) loans to be fully secured to the maximum extent possible. Lenders will conduct a collateral analysis on business assets, personal assets (like real estate), and potentially life insurance. If the loan isn't fully secured by traditional collateral, the SBA will take a lien on available personal real estate.","url":"https://dealroom.so/glossary/fully-secured","official_sources":[{"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"},{"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":"collateral-shortfall","term":"Collateral shortfall","url":"https://dealroom.so/glossary/collateral-shortfall"},{"slug":"lien","term":"Lien","url":"https://dealroom.so/glossary/lien"},{"slug":"personal-guarantee","term":"Personal guarantee","url":"https://dealroom.so/glossary/personal-guarantee"}],"related_questions":[{"question":"Can an SBA 7(a) loan be used to refinance existing business debt that is already fully secured?","url":"https://dealroom.so/for-lenders/questions/can-an-sba-7-a-loan-be-used-to-refinance-existing-business-debt-that-is-already-fully-secu"},{"question":"Is a personal guaranty required even if the SBA 7(a) loan is fully secured by business assets?","url":"https://dealroom.so/sba-7a/questions/is-a-personal-guaranty-required-even-if-the-sba-7-a-loan-is-fully-secured-by-business-asse"},{"question":"If a 7(a) loan is fully secured by business assets, can the lender waive taking a lien on available personal real estate?","url":"https://dealroom.so/for-lenders/questions/if-a-7-a-loan-is-fully-secured-by-business-assets-can-the-lender-waive-taking-a-lien-on-av"},{"question":"Is a loan secured by personal assets eligible for the down payment?","url":"https://dealroom.so/sba-7a/questions/is-a-loan-secured-by-personal-assets-eligible-for-the-down-payment"},{"question":"Can a seller note on full standby still be secured by business assets?","url":"https://dealroom.so/sba-7a/questions/can-a-seller-note-on-full-standby-still-be-secured-by-business-assets"},{"question":"Can a seller note on full standby still be secured by specific business assets?","url":"https://dealroom.so/sba-7a/questions/can-a-seller-note-on-full-standby-still-be-secured-by-specific-business-assets"}]},"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 — Fully Secured","url":"https://dealroom.so/glossary/fully-secured","source_type":"DealRoom Data"}}