{"ok":true,"canonical_url":"https://dealroom.so/glossary/lien-on-personal-property","api_url":"https://dealroom.so/api/public/glossary/lien-on-personal-property","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-property","term":"Lien on personal property","group":"People and paperwork","definition":"This is a legal claim a lender places on your movable assets, such as equipment, inventory, or accounts receivable, as collateral for your loan. It gives them the right to seize these assets if you default.","what_it_means":"For an SBA loan, the lender will almost always require a first lien on business assets. This is secured via a UCC filing. As a buyer, ensure existing liens are cleared or subordinated at closing to give your lender the required priority.","url":"https://dealroom.so/glossary/lien-on-personal-property","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":"lien","term":"Lien","url":"https://dealroom.so/glossary/lien"},{"slug":"ucc-lien","term":"UCC lien","url":"https://dealroom.so/glossary/ucc-lien"},{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"security-interest","term":"Security Interest","url":"https://dealroom.so/glossary/security-interest"}],"related_questions":[{"question":"Can a lien on my personal vehicle or other personal property be required as collateral for an SBA 7(a) loan?","url":"https://dealroom.so/sba-7a/questions/can-a-lien-on-my-personal-vehicle-or-other-personal-property-be-required-as-collateral-for"},{"question":"Does the SBA require a lien on intellectual property, like trademarks or patents, as collateral?","url":"https://dealroom.so/sba-7a/questions/does-the-sba-require-a-lien-on-intellectual-property-like-trademarks-or-patents-as-collate"},{"question":"How does a lender perfect a lien on intellectual property as collateral for a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-perfect-a-lien-on-intellectual-property-as-collateral-for-a-7-a-loan"},{"question":"Are there specific requirements for perfecting a lien on intellectual property as collateral for a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/are-there-specific-requirements-for-perfecting-a-lien-on-intellectual-property-as-collater"},{"question":"Does the SBA take a lien on my personal home as collateral?","url":"https://dealroom.so/sba-loans/basics/does-the-sba-take-a-lien-on-my-personal-home-as-collateral"},{"question":"Can a 7(a) loan be secured by a lien on intellectual property alone if tangible assets are minimal?","url":"https://dealroom.so/for-lenders/questions/can-a-7-a-loan-be-secured-by-a-lien-on-intellectual-property-alone-if-tangible-assets-are-"}]},"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 property","url":"https://dealroom.so/glossary/lien-on-personal-property","source_type":"DealRoom Data"}}