{"ok":true,"canonical_url":"https://dealroom.so/glossary/readily-marketable-personal-asset","api_url":"https://dealroom.so/api/public/glossary/readily-marketable-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":"readily-marketable-personal-asset","term":"Readily Marketable Personal Asset","group":"Your money in the deal","definition":"A readily marketable personal asset is something you own personally that can be quickly converted to cash, like publicly traded stocks or bonds. The SBA might require you to use these assets to reduce a collateral shortfall.","what_it_means":"If your deal has a collateral shortfall, the SBA may require you to pledge readily marketable personal assets as additional collateral or liquidate them to increase your equity injection. This reduces the lender's risk. Be prepared to provide brokerage statements to prove ownership and value.","url":"https://dealroom.so/glossary/readily-marketable-personal-asset","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"},{"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"}],"related":[{"slug":"collateral-shortfall","term":"Collateral shortfall","url":"https://dealroom.so/glossary/collateral-shortfall"},{"slug":"equity-injection","term":"Equity injection","url":"https://dealroom.so/glossary/equity-injection"},{"slug":"personal-financial-statement","term":"Personal financial statement","url":"https://dealroom.so/glossary/personal-financial-statement"},{"slug":"marketable-securities","term":"Marketable securities","url":"https://dealroom.so/glossary/marketable-securities"}],"related_questions":[{"question":"What criteria justify a lender waiving a lien on readily marketable personal assets from a guarantor?","url":"https://dealroom.so/for-lenders/questions/what-criteria-justify-a-lender-waiving-a-lien-on-readily-marketable-personal-assets-from-a"},{"question":"When can a lender waive the requirement for a lien on readily marketable personal assets of a guarantor?","url":"https://dealroom.so/for-lenders/questions/when-can-a-lender-waive-the-requirement-for-a-lien-on-readily-marketable-personal-assets-o"},{"question":"Can personal marketable securities (stocks/bonds) be used as collateral if business assets are insufficient?","url":"https://dealroom.so/sba-7a/questions/can-personal-marketable-securities-stocks-bonds-be-used-as-collateral-if-business-assets-a"},{"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"}]},"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 — Readily Marketable Personal Asset","url":"https://dealroom.so/glossary/readily-marketable-personal-asset","source_type":"DealRoom Data"}}