{"ok":true,"canonical_url":"https://dealroom.so/glossary/transfer-title","api_url":"https://dealroom.so/api/public/glossary/transfer-title","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":"transfer-title","term":"Transfer title","group":"Doing the deal","definition":"This is the legal process of changing ownership of an asset, like real estate or a vehicle, from the seller to the buyer. It's a critical step in closing an acquisition.","what_it_means":"In an asset purchase, you're buying specific assets, and each one with a title (like real estate, vehicles, or intellectual property) must be formally transferred. Work with your attorney and escrow agent to ensure all titles are correctly assigned and recorded to you, the buyer, on closing day.","url":"https://dealroom.so/glossary/transfer-title","official_sources":[],"related":[{"slug":"asset-purchase","term":"Asset purchase","url":"https://dealroom.so/glossary/asset-purchase"},{"slug":"change-of-ownership","term":"Change of ownership","url":"https://dealroom.so/glossary/change-of-ownership"},{"slug":"escrow-holdback","term":"Escrow / holdback","url":"https://dealroom.so/glossary/escrow-holdback"}],"related_questions":[{"question":"Can an SBA 7(a) loan cover the cost of a franchise transfer fee in an acquisition?","url":"https://dealroom.so/sba-7a/questions/can-an-sba-7-a-loan-cover-the-cost-of-a-franchise-transfer-fee-in-an-acquisition"},{"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":"What if a significant portion of the business's historical revenue came from a single, concentrated customer that will not transfer to the new owner?","url":"https://dealroom.so/for-lenders/questions/what-if-a-significant-portion-of-the-business-s-historical-revenue-came-from-a-single-conc"},{"question":"What are the SBA's lien requirements for a 7(a) loan when the collateral includes titled vehicles?","url":"https://dealroom.so/for-lenders/questions/what-are-the-sba-s-lien-requirements-for-a-7-a-loan-when-the-collateral-includes-titled-ve"},{"question":"What are the specific requirements for securing a lien on titled vehicles as collateral for a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/what-are-the-specific-requirements-for-securing-a-lien-on-titled-vehicles-as-collateral-fo"}]},"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 — Transfer title","url":"https://dealroom.so/glossary/transfer-title","source_type":"DealRoom Data"}}