{"ok":true,"canonical_url":"https://dealroom.so/glossary/personal-asset","api_url":"https://dealroom.so/api/public/glossary/personal-asset","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":"personal-asset","term":"Personal Asset","group":"Your money in the deal","definition":"These are items of value you own outside the business, like your home, investment accounts, or vehicles. They are often required as additional collateral for an SBA loan.","what_it_means":"Expect to pledge your unencumbered personal assets as collateral, even if the business assets cover the loan. This is part of the SBA's \"all available collateral\" rule and reinforces your personal guarantee. Lenders will review your personal financial statement.","url":"https://dealroom.so/glossary/personal-asset","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":"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":"unencumbered","term":"Unencumbered","url":"https://dealroom.so/glossary/unencumbered"}],"related_questions":[{"question":"How does a recent significant personal asset purchase affect my SBA 7(a) loan application?","url":"https://dealroom.so/sba-7a/questions/how-does-a-recent-significant-personal-asset-purchase-affect-my-sba-7-a-loan-application"},{"question":"When is personal real estate required as additional collateral for a 7(a) loan with a business asset shortfall?","url":"https://dealroom.so/for-lenders/questions/when-is-personal-real-estate-required-as-additional-collateral-for-a-7-a-loan-with-a-busin"},{"question":"What specific documentation is required for a lender to verify equity injection from the sale of a personal asset?","url":"https://dealroom.so/for-lenders/questions/what-specific-documentation-is-required-for-a-lender-to-verify-equity-injection-from-the-s"},{"question":"What if my spouse is a co-signer on a personal asset offered as collateral but not an owner?","url":"https://dealroom.so/sba-7a/questions/what-if-my-spouse-is-a-co-signer-on-a-personal-asset-offered-as-collateral-but-not-an-owne"},{"question":"What if my equity injection funds are from the sale of a personal asset like a boat or RV?","url":"https://dealroom.so/sba-7a/questions/what-if-my-equity-injection-funds-are-from-the-sale-of-a-personal-asset-like-a-boat-or-rv"},{"question":"Is a blanket lien on all business assets always required for a 7(a) loan, regardless of loan size or asset value?","url":"https://dealroom.so/for-lenders/questions/is-a-blanket-lien-on-all-business-assets-always-required-for-a-7-a-loan-regardless-of-loan"}]},"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 — Personal Asset","url":"https://dealroom.so/glossary/personal-asset","source_type":"DealRoom Data"}}