{"ok":true,"canonical_url":"https://dealroom.so/glossary/lien-on-personal-assets","api_url":"https://dealroom.so/api/public/glossary/lien-on-personal-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":"lien-on-personal-assets","term":"Lien on Personal Assets","group":"People and paperwork","definition":"This is a legal claim placed on your personal property, such as your home or investment accounts. It serves as collateral, allowing the lender to seize those assets if you default on your business loan.","what_it_means":"For nearly all SBA 7(a) loans, the lender will require a lien on your personal assets as part of your personal guarantee. This is standard practice to secure the loan. Ensure you understand which specific assets are included and what the recourse provisions are in the loan agreement.","url":"https://dealroom.so/glossary/lien-on-personal-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"},{"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":"lien","term":"Lien","url":"https://dealroom.so/glossary/lien"},{"slug":"personal-guarantee","term":"Personal guarantee","url":"https://dealroom.so/glossary/personal-guarantee"},{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"recourse","term":"Recourse","url":"https://dealroom.so/glossary/recourse"}],"related_questions":[{"question":"What criteria justify a lender waiving a lien on readily marketable personal assets from a guarantor?","url":"https://dealroom.so/for-lenders/questions/what-criteria-justify-a-lender-waiving-a-lien-on-readily-marketable-personal-assets-from-a"},{"question":"Can a lender require a lien on my personal assets like a recreational boat or vacation home if business assets are insufficient?","url":"https://dealroom.so/sba-7a/questions/can-a-lender-require-a-lien-on-my-personal-assets-like-a-recreational-boat-or-vacation-hom"},{"question":"When can a lender waive the requirement for a lien on readily marketable personal assets of a guarantor?","url":"https://dealroom.so/for-lenders/questions/when-can-a-lender-waive-the-requirement-for-a-lien-on-readily-marketable-personal-assets-o"},{"question":"Does the SBA 7(a) loan require a lien on existing personal assets like my investment portfolio as collateral?","url":"https://dealroom.so/sba-7a/questions/does-the-sba-7-a-loan-require-a-lien-on-existing-personal-assets-like-my-investment-portfo"},{"question":"If business assets are insufficient, will the lender always require a lien on my personal home as additional collateral?","url":"https://dealroom.so/sba-7a/questions/if-business-assets-are-insufficient-will-the-lender-always-require-a-lien-on-my-personal-h"},{"question":"Does the SBA take a lien on all business assets, even minor fixtures or intangible assets?","url":"https://dealroom.so/sba-7a/questions/does-the-sba-take-a-lien-on-all-business-assets-even-minor-fixtures-or-intangible-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 — Lien on Personal Assets","url":"https://dealroom.so/glossary/lien-on-personal-assets","source_type":"DealRoom Data"}}