{"ok":true,"canonical_url":"https://dealroom.so/glossary/marital-assets","api_url":"https://dealroom.so/api/public/glossary/marital-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":"marital-assets","term":"Marital Assets","group":"People and paperwork","definition":"Property and wealth acquired during a marriage, often subject to division in divorce. Lenders care because a spouse's claim on these assets could affect your ability to repay the loan or use personal collateral.","what_it_means":"If you're married, your spouse will likely need to sign certain loan documents, such as a spousal consent or personal guarantee, especially if marital assets are being pledged as collateral or if you reside in a community property state. This ensures their acknowledgment and potential liability for the loan. Address this early to avoid closing delays.","url":"https://dealroom.so/glossary/marital-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":"personal-financial-statement","term":"Personal financial statement","url":"https://dealroom.so/glossary/personal-financial-statement"},{"slug":"personal-guarantee","term":"Personal guarantee","url":"https://dealroom.so/glossary/personal-guarantee"},{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"tax-return","term":"Tax return","url":"https://dealroom.so/glossary/tax-return"}],"related_questions":[{"question":"Do I need personal assets to secure the loan if the business assets are sufficient?","url":"https://dealroom.so/sba-loans/basics/do-i-need-personal-assets-to-secure-the-loan-if-the-business-assets-are-sufficient"},{"question":"If the business's assets are insufficient, will I need to pledge personal assets as collateral?","url":"https://dealroom.so/sba-7a/questions/if-the-business-s-assets-are-insufficient-will-i-need-to-pledge-personal-assets-as-collate"},{"question":"Can a business owner's personal assets be used as collateral if business assets are limited?","url":"https://dealroom.so/sba-loans/basics/can-a-business-owner-s-personal-assets-be-used-as-collateral-if-business-assets-are-limite"},{"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"},{"question":"If business assets are limited, what specific personal assets, besides real estate, might be required as collateral?","url":"https://dealroom.so/sba-7a/questions/if-business-assets-are-limited-what-specific-personal-assets-besides-real-estate-might-be-"},{"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"}]},"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 — Marital Assets","url":"https://dealroom.so/glossary/marital-assets","source_type":"DealRoom Data"}}