{"ok":true,"canonical_url":"https://dealroom.so/glossary/wage-garnishment","api_url":"https://dealroom.so/api/public/glossary/wage-garnishment","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":"wage-garnishment","term":"Wage garnishment","group":"People and paperwork","definition":"This is a legal procedure where a portion of your wages is withheld by your employer and sent directly to a creditor to satisfy a debt. It's a severe consequence of defaulting on a personal guarantee.","what_it_means":"If you personally guarantee an SBA loan and default, and the lender obtains a personal judgment against you, wage garnishment can be used to collect the debt. This highlights the serious implications of a personal guarantee and the need for robust financial planning.","url":"https://dealroom.so/glossary/wage-garnishment","official_sources":[],"related":[{"slug":"personal-guarantee","term":"Personal guarantee","url":"https://dealroom.so/glossary/personal-guarantee"},{"slug":"loan-default","term":"Loan default","url":"https://dealroom.so/glossary/loan-default"},{"slug":"personal-judgment","term":"Personal judgment","url":"https://dealroom.so/glossary/personal-judgment"},{"slug":"recourse","term":"Recourse","url":"https://dealroom.so/glossary/recourse"}],"related_questions":[]},"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 — Wage garnishment","url":"https://dealroom.so/glossary/wage-garnishment","source_type":"DealRoom Data"}}