{"ok":true,"canonical_url":"https://dealroom.so/glossary/secured-creditor","api_url":"https://dealroom.so/api/public/glossary/secured-creditor","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":"secured-creditor","term":"Secured creditor","group":"People and paperwork","definition":"A lender or party that holds a security interest in specific assets (collateral) of a borrower. If the borrower defaults, the secured creditor has the right to seize those assets.","what_it_means":"As an SBA 7(a) borrower, your lender will be a secured creditor, typically with a first lien position on business assets. You need to ensure any prior liens are released or subordinated before closing. This protects the lender's collateral interest.","url":"https://dealroom.so/glossary/secured-creditor","official_sources":[],"related":[{"slug":"lien","term":"Lien","url":"https://dealroom.so/glossary/lien"},{"slug":"first-lien","term":"First lien","url":"https://dealroom.so/glossary/first-lien"},{"slug":"ucc-filing","term":"UCC filing","url":"https://dealroom.so/glossary/ucc-filing"},{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"}],"related_questions":[{"question":"When is an intercreditor agreement required between a 7(a) lender and another secured creditor for an SBA loan?","url":"https://dealroom.so/for-lenders/questions/when-is-an-intercreditor-agreement-required-between-a-7-a-lender-and-another-secured-credi"},{"question":"What are the SBA's requirements for subordinating its lien position to another creditor on a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/what-are-the-sba-s-requirements-for-subordinating-its-lien-position-to-another-creditor-on"},{"question":"Is a loan secured by personal assets eligible for the down payment?","url":"https://dealroom.so/sba-7a/questions/is-a-loan-secured-by-personal-assets-eligible-for-the-down-payment"},{"question":"Can a seller note on full standby still be secured by business assets?","url":"https://dealroom.so/sba-7a/questions/can-a-seller-note-on-full-standby-still-be-secured-by-business-assets"},{"question":"Can a seller note on full standby still be secured by specific business assets?","url":"https://dealroom.so/sba-7a/questions/can-a-seller-note-on-full-standby-still-be-secured-by-specific-business-assets"},{"question":"Can I use a secured personal line of credit as part of my equity injection?","url":"https://dealroom.so/sba-7a/questions/can-i-use-a-secured-personal-line-of-credit-as-part-of-my-equity-injection"}]},"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 — Secured creditor","url":"https://dealroom.so/glossary/secured-creditor","source_type":"DealRoom Data"}}