{"ok":true,"canonical_url":"https://dealroom.so/glossary/mortgage","api_url":"https://dealroom.so/api/public/glossary/mortgage","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":"mortgage","term":"Mortgage","group":"Doing the deal","definition":"A mortgage is a loan secured by real estate, meaning the property itself serves as collateral. Buyers care because if the business includes real estate, it will be pledged, impacting the deal's structure and your personal risk.","what_it_means":"If the business sale includes real estate, a mortgage will be part of the financing package, often integrated into the SBA 7(a) loan. Understand the terms, especially if it's a separate loan or part of the larger 7(a) package, and how your personal assets might be involved. Ensure the real estate appraisal supports the loan amount.","url":"https://dealroom.so/glossary/mortgage","official_sources":[],"related":[{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"lien","term":"Lien","url":"https://dealroom.so/glossary/lien"},{"slug":"second-mortgage","term":"Second mortgage","url":"https://dealroom.so/glossary/second-mortgage"},{"slug":"owner-occupied-commercial-real-estate","term":"Owner-occupied commercial real estate","url":"https://dealroom.so/glossary/owner-occupied-commercial-real-estate"}],"related_questions":[{"question":"When is a leasehold mortgage acceptable as collateral for an SBA 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/when-is-a-leasehold-mortgage-acceptable-as-collateral-for-an-sba-7-a-loan"},{"question":"Can I use an SBA 7(a) loan to refinance my existing business mortgage?","url":"https://dealroom.so/sba-loans/basics/can-i-use-an-sba-7-a-loan-to-refinance-my-existing-business-mortgage"},{"question":"Can an SBA 7(a) loan be used to refinance an existing commercial mortgage?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-be-used-to-refinance-an-existing-commercial-mortgage"},{"question":"Can I use funds from a second mortgage on my personal home for my equity injection?","url":"https://dealroom.so/sba-7a/questions/can-i-use-funds-from-a-second-mortgage-on-my-personal-home-for-my-equity-injection"},{"question":"What if I want to use a second mortgage on my personal residence for equity injection?","url":"https://dealroom.so/sba-7a/questions/what-if-i-want-to-use-a-second-mortgage-on-my-personal-residence-for-equity-injection"},{"question":"How does a leasehold mortgage on the business property serve as collateral for an SBA 7(a) loan?","url":"https://dealroom.so/sba-7a/questions/how-does-a-leasehold-mortgage-on-the-business-property-serve-as-collateral-for-an-sba-7-a-"}]},"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 — Mortgage","url":"https://dealroom.so/glossary/mortgage","source_type":"DealRoom Data"}}