{"ok":true,"canonical_url":"https://dealroom.so/glossary/general-intangibles","api_url":"https://dealroom.so/api/public/glossary/general-intangibles","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":"general-intangibles","term":"General intangibles","group":"Reading the business","definition":"This is a broad legal term for certain non-physical assets of a business that have value, like customer lists, trademarks, or software. They are often part of collateral for an SBA loan.","what_it_means":"While not physical, general intangibles like customer relationships or intellectual property are often vital to a business's value and can serve as collateral. The SBA lender will typically take a lien on these, so ensure they are properly identified and transferred in the asset purchase.","url":"https://dealroom.so/glossary/general-intangibles","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":"customer-list","term":"Customer list","url":"https://dealroom.so/glossary/customer-list"},{"slug":"intangible-asset","term":"Intangible asset","url":"https://dealroom.so/glossary/intangible-asset"},{"slug":"goodwill","term":"Goodwill","url":"https://dealroom.so/glossary/goodwill"},{"slug":"ucc-1-statement","term":"UCC-1 statement","url":"https://dealroom.so/glossary/ucc-1-statement"}],"related_questions":[{"question":"Can an SBA 7(a) loan be used for general business expansion?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-be-used-for-general-business-expansion"},{"question":"What are the general collateral requirements for an SBA 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/what-are-the-general-collateral-requirements-for-an-sba-7-a-loan"},{"question":"What is the SBA's general requirement for lien position on business collateral?","url":"https://dealroom.so/for-lenders/questions/what-is-the-sba-s-general-requirement-for-lien-position-on-business-collateral"},{"question":"What are the general credit score expectations for an SBA 7(a) loan applicant?","url":"https://dealroom.so/sba-loans/basics/what-are-the-general-credit-score-expectations-for-an-sba-7-a-loan-applicant"},{"question":"For general business protection, should the business or individual owners own the life insurance policy?","url":"https://dealroom.so/sba-7a/questions/for-general-business-protection-should-the-business-or-individual-owners-own-the-life-insu"},{"question":"Can an SBA 7(a) loan be used for general business expenses like ongoing rent?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-be-used-for-general-business-expenses-like-ongoing-rent"}]},"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 — General intangibles","url":"https://dealroom.so/glossary/general-intangibles","source_type":"DealRoom Data"}}