{"ok":true,"canonical_url":"https://dealroom.so/glossary/tangible-fixed-asset","api_url":"https://dealroom.so/api/public/glossary/tangible-fixed-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":"tangible-fixed-asset","term":"Tangible Fixed Asset","group":"Reading the business","definition":"Physical assets owned by the business that have a useful life of more than one year, such as equipment, vehicles, or real estate. These assets are important because they contribute to the business's operational capacity and can serve as collateral for your SBA loan.","what_it_means":"When buying a business, identify and value all tangible fixed assets. Lenders use these as primary collateral for your SBA loan. Ensure the purchase price fairly reflects the condition and value of these assets, and that they are properly transferred with clear title at closing.","url":"https://dealroom.so/glossary/tangible-fixed-asset","official_sources":[],"related":[{"slug":"tangible-asset","term":"Tangible asset","url":"https://dealroom.so/glossary/tangible-asset"},{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"appraisal","term":"Appraisal","url":"https://dealroom.so/glossary/appraisal"},{"slug":"inventory","term":"Inventory","url":"https://dealroom.so/glossary/inventory"}],"related_questions":[{"question":"What if the business I'm buying has limited tangible assets for collateral?","url":"https://dealroom.so/sba-7a/questions/what-if-the-business-i-m-buying-has-limited-tangible-assets-for-collateral"},{"question":"What are the typical collateral requirements if the business has very few tangible assets?","url":"https://dealroom.so/sba-7a/questions/what-are-the-typical-collateral-requirements-if-the-business-has-very-few-tangible-assets"},{"question":"Can a 7(a) loan be secured by a lien on intellectual property alone if tangible assets are minimal?","url":"https://dealroom.so/for-lenders/questions/can-a-7-a-loan-be-secured-by-a-lien-on-intellectual-property-alone-if-tangible-assets-are-"},{"question":"If the acquired business has no significant tangible assets, what types of *alternative* collateral might an SBA 7(a) lender require?","url":"https://dealroom.so/sba-7a/questions/if-the-acquired-business-has-no-significant-tangible-assets-what-types-of-alternative-coll"},{"question":"Can an SBA 7(a) loan finance goodwill as a significant portion of the acquisition, even if tangible assets are minimal?","url":"https://dealroom.so/sba-7a/questions/can-an-sba-7-a-loan-finance-goodwill-as-a-significant-portion-of-the-acquisition-even-if-t"},{"question":"Is a blanket lien on all business assets always required for a 7(a) loan, regardless of loan size or asset value?","url":"https://dealroom.so/for-lenders/questions/is-a-blanket-lien-on-all-business-assets-always-required-for-a-7-a-loan-regardless-of-loan"}]},"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 — Tangible Fixed Asset","url":"https://dealroom.so/glossary/tangible-fixed-asset","source_type":"DealRoom Data"}}