{"ok":true,"canonical_url":"https://dealroom.so/glossary/public-sale","api_url":"https://dealroom.so/api/public/glossary/public-sale","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":"public-sale","term":"Public sale","group":"Doing the deal","definition":"A sale of assets or a business conducted openly, often through an auction, to the highest bidder. This is typically done to recover funds from a defaulted loan.","what_it_means":"If an SBA loan defaults and the lender needs to liquidate collateral, they might conduct a public sale (like a public auction) to maximize recovery. As a buyer, you won't typically initiate a public sale, but understanding the concept helps if you acquire assets from a distressed situation.","url":"https://dealroom.so/glossary/public-sale","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":"public-auction","term":"Public auction","url":"https://dealroom.so/glossary/public-auction"},{"slug":"competitive-bidding","term":"Competitive bidding","url":"https://dealroom.so/glossary/competitive-bidding"},{"slug":"liquidation","term":"Liquidation","url":"https://dealroom.so/glossary/liquidation"},{"slug":"loan-default","term":"Loan default","url":"https://dealroom.so/glossary/loan-default"}],"related_questions":[{"question":"What if the business for sale uses proprietary software or a unique technology?","url":"https://dealroom.so/sba-7a/questions/what-if-the-business-for-sale-uses-proprietary-software-or-a-unique-technology"},{"question":"How does a lender verify equity injection from the sale of a cryptocurrency portfolio?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-verify-equity-injection-from-the-sale-of-a-cryptocurrency-portfolio"},{"question":"Can a seller-financed portion of the sale be considered part of my equity injection?","url":"https://dealroom.so/sba-loans/basics/can-a-seller-financed-portion-of-the-sale-be-considered-part-of-my-equity-injection"},{"question":"What documentation is required to verify equity injection funds sourced from a personal stock sale?","url":"https://dealroom.so/for-lenders/questions/what-documentation-is-required-to-verify-equity-injection-funds-sourced-from-a-personal-st"},{"question":"Can I use proceeds from the sale of personal crypto assets for my equity injection?","url":"https://dealroom.so/sba-7a/questions/can-i-use-proceeds-from-the-sale-of-personal-crypto-assets-for-my-equity-injection"},{"question":"What if the seller withdraws from the sale agreement during the SBA loan underwriting process?","url":"https://dealroom.so/sba-7a/questions/what-if-the-seller-withdraws-from-the-sale-agreement-during-the-sba-loan-underwriting-proc"}]},"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 — Public sale","url":"https://dealroom.so/glossary/public-sale","source_type":"DealRoom Data"}}