{"ok":true,"canonical_url":"https://dealroom.so/glossary/security-agreements","api_url":"https://dealroom.so/api/public/glossary/security-agreements","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":"security-agreements","term":"Security Agreements","group":"Doing the deal","definition":"Legal contracts that grant the lender a security interest in specific assets of the business, which act as collateral for the loan. These protect the lender's investment.","what_it_means":"Your SBA lender will require security agreements covering all business assets, including accounts receivable, inventory, equipment, and general intangibles. These agreements formally establish the lender's right to seize those assets if you default. Ensure you understand what assets are pledged and how the security interest is perfected, typically through UCC filings.","url":"https://dealroom.so/glossary/security-agreements","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","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"security-interest","term":"Security Interest","url":"https://dealroom.so/glossary/security-interest"},{"slug":"recorded-lien","term":"Recorded Lien","url":"https://dealroom.so/glossary/recorded-lien"},{"slug":"ucc-filing","term":"UCC filing","url":"https://dealroom.so/glossary/ucc-filing"}],"related_questions":[{"question":"What specific conditions trigger affiliation due to contractual relationships or franchise agreements?","url":"https://dealroom.so/for-lenders/questions/what-specific-conditions-trigger-affiliation-due-to-contractual-relationships-or-franchise"},{"question":"How does the SBA review franchise agreements for compliance if there are unusual clauses regarding termination or transfer?","url":"https://dealroom.so/sba-7a/questions/how-does-the-sba-review-franchise-agreements-for-compliance-if-there-are-unusual-clauses-r"},{"question":"How does the SBA determine if a franchisor has \"control\" over a franchisee for affiliation purposes, beyond standard agreements?","url":"https://dealroom.so/sba-7a/questions/how-does-the-sba-determine-if-a-franchisor-has-control-over-a-franchisee-for-affiliation-p"},{"question":"How does the SBA require lenders to perfect security interests on accounts receivable and inventory?","url":"https://dealroom.so/for-lenders/questions/how-does-the-sba-require-lenders-to-perfect-security-interests-on-accounts-receivable-and-"},{"question":"How does a lender perfect a security interest in intellectual property for a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-perfect-a-security-interest-in-intellectual-property-for-a-7-a-loan"},{"question":"If the seller requires a security interest, how does it affect the standby status of their note?","url":"https://dealroom.so/sba-7a/questions/if-the-seller-requires-a-security-interest-how-does-it-affect-the-standby-status-of-their-"}]},"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 — Security Agreements","url":"https://dealroom.so/glossary/security-agreements","source_type":"DealRoom Data"}}