{"ok":true,"canonical_url":"https://dealroom.so/glossary/no-lien-affidavit","api_url":"https://dealroom.so/api/public/glossary/no-lien-affidavit","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":"no-lien-affidavit","term":"No-lien affidavit","aka":"Affidavit of No Lien","group":"Doing the deal","definition":"This is a sworn statement confirming that no one has a lien or claim against a specific asset or property. Buyers use this to ensure they're acquiring assets free and clear.","what_it_means":"During closing, your lender will require the seller to sign this affidavit, especially for real estate or significant equipment. It's a critical document for your title company and lender to confirm that there are no hidden encumbrances that could jeopardize your collateral. Verify all lien searches.","url":"https://dealroom.so/glossary/no-lien-affidavit","official_sources":[],"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":"unencumbered","term":"Unencumbered","url":"https://dealroom.so/glossary/unencumbered"},{"slug":"perfect-lien","term":"Perfect lien","url":"https://dealroom.so/glossary/perfect-lien"}],"related_questions":[{"question":"When must a lender take a lien on specific equipment for collateral, beyond a blanket lien?","url":"https://dealroom.so/for-lenders/questions/when-must-a-lender-take-a-lien-on-specific-equipment-for-collateral-beyond-a-blanket-lien"},{"question":"Is a separate lien required on each piece of equipment if a blanket lien is already in place?","url":"https://dealroom.so/sba-7a/questions/is-a-separate-lien-required-on-each-piece-of-equipment-if-a-blanket-lien-is-already-in-pla"},{"question":"What if my business is new and has no financial history?","url":"https://dealroom.so/sba-loans/basics/what-if-my-business-is-new-and-has-no-financial-history"},{"question":"What if the business I am buying has no traditional collateral?","url":"https://dealroom.so/sba-7a/questions/what-if-the-business-i-am-buying-has-no-traditional-collateral"},{"question":"Can I acquire a business that operates primarily online with no physical storefront?","url":"https://dealroom.so/sba-7a/questions/can-i-acquire-a-business-that-operates-primarily-online-with-no-physical-storefront"},{"question":"What happens if my business grows and no longer meets SBA size standards?","url":"https://dealroom.so/sba-loans/basics/what-happens-if-my-business-grows-and-no-longer-meets-sba-size-standards"}]},"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 — No-lien affidavit","url":"https://dealroom.so/glossary/no-lien-affidavit","source_type":"DealRoom Data"}}