{"ok":true,"canonical_url":"https://dealroom.so/glossary/personal-property","api_url":"https://dealroom.so/api/public/glossary/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":"personal-property","term":"Personal Property","group":"The loan itself","definition":"Moveable assets of a business or individual, distinct from real estate. This includes things like equipment, inventory, vehicles, and accounts receivable.","what_it_means":"For an SBA loan, most business personal property will be pledged as collateral. This is usually secured by a UCC-1 filing. Understand which specific assets are being used as collateral and ensure they are accurately valued.","url":"https://dealroom.so/glossary/personal-property","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":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"tangible-asset","term":"Tangible asset","url":"https://dealroom.so/glossary/tangible-asset"},{"slug":"inventory","term":"Inventory","url":"https://dealroom.so/glossary/inventory"},{"slug":"accounts-receivable","term":"Accounts receivable","url":"https://dealroom.so/glossary/accounts-receivable"}],"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":"What if my equity injection includes funds from a personal loan secured by my unencumbered investment property?","url":"https://dealroom.so/sba-7a/questions/what-if-my-equity-injection-includes-funds-from-a-personal-loan-secured-by-my-unencumbered"},{"question":"What documentation is required to verify equity injection from a personal loan secured by non-pledged investment property?","url":"https://dealroom.so/for-lenders/questions/what-documentation-is-required-to-verify-equity-injection-from-a-personal-loan-secured-by-"},{"question":"Can a buyer's existing personal intellectual property, like a patented design, be valued and counted towards the equity injection?","url":"https://dealroom.so/sba-7a/questions/can-a-buyer-s-existing-personal-intellectual-property-like-a-patented-design-be-valued-and"},{"question":"How does a lender verify equity injection funds originating from a personal loan secured by the borrower's unencumbered investment property?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-verify-equity-injection-funds-originating-from-a-personal-loan-secured-b"},{"question":"If the business property is owned by the seller's separate entity, can the SBA 7(a) loan include financing for both the business and the property?","url":"https://dealroom.so/sba-7a/questions/if-the-business-property-is-owned-by-the-seller-s-separate-entity-can-the-sba-7-a-loan-inc"}]},"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 Property","url":"https://dealroom.so/glossary/personal-property","source_type":"DealRoom Data"}}