{"ok":true,"canonical_url":"https://dealroom.so/for-lenders/questions/what-are-the-specific-requirements-for-securing-a-lien-on-titled-vehicles-as-collateral-fo","api_url":"https://dealroom.so/api/public/questions/what-are-the-specific-requirements-for-securing-a-lien-on-titled-vehicles-as-collateral-fo","question":"What are the specific requirements for securing a lien on titled vehicles as collateral for a 7(a) loan?","topic":"Collateral & lien requirements","audience":"lender","bot_mode":"lender","short_answer":"Lenders must secure a first lien on titled vehicles by properly noting the lien on the Certificate of Title and filing Uniform Commercial Code (UCC) financing statements.","rule":"For titled vehicles (e.g., cars, trucks, heavy equipment), the lender must perfect its security interest by being named as the first lienholder on the vehicle's Certificate of Title, in accordance with state motor vehicle laws. Additionally, a UCC financing statement should be filed, typically as a precautionary measure, to cover the vehicles as business assets and ensure a blanket lien on all business assets.","example":"A business acquires a new delivery truck as part of an expansion. The lender would ensure its name is listed as the primary lienholder on the truck's title with the state DMV and file a UCC-1 statement with the Secretary of State.","what_lenders_check":"Lenders must ensure their lien on titled vehicles is properly perfected to protect their collateral position. They meticulously follow state-specific title perfection rules and file UCCs to cover all business assets, including vehicles, to avoid gaps in collateral.","required_facts":["Titled vehicles","Certificate of Title","First lien position","UCC filing","State motor vehicle laws"],"source_families":["SOP 50 10 - Lender and Development Company Loan Programs","13 CFR Part 120 - Business Loans","Standard 7(a) Authorization File Library"],"official_sources":[{"title":"SOP 50 10 - Lender and Development Company Loan Programs","url":"https://www.sba.gov/sites/default/files/2025-05/SOP%2050%2010%208%20Technical%20Updates%20effective%206.1.2025.docx"},{"title":"13 CFR Part 120 - Business Loans","url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120"},{"title":"Standard 7(a) Authorization File Library","url":"https://www.sba.gov/document/support-standard-7a-authorization-file-library"}],"related_questions":[{"question":"When can a lender justify accepting less than a 100% lien position on available business collateral for a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/when-can-a-lender-justify-accepting-less-than-a-100-lien-position-on-available-business-co"},{"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":"What specific collateral must be taken when a 7(a) loan is under-collateralized by business assets, even with a blanket lien?","url":"https://dealroom.so/for-lenders/questions/what-specific-collateral-must-be-taken-when-a-7-a-loan-is-under-collateralized-by-business"},{"question":"What are the specific lien priority requirements for lenders on both business and personal collateral securing a 7(a) loan, particularly when junior liens exist?","url":"https://dealroom.so/for-lenders/questions/what-are-the-specific-lien-priority-requirements-for-lenders-on-both-business-and-personal"},{"question":"What are the specific triggers for a lender to obtain an independent appraisal of business real estate for a 7(a) loan, based on loan amount thresholds?","url":"https://dealroom.so/for-lenders/questions/what-are-the-specific-triggers-for-a-lender-to-obtain-an-independent-appraisal-of-business"},{"question":"How does a lender perfect its lien on a security interest in a business's intellectual property for a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-perfect-its-lien-on-a-security-interest-in-a-business-s-intellectual-pro"}],"related_terms":[{"term":"Specific Lien","url":"https://dealroom.so/glossary/specific-lien"},{"term":"Collateral Requirements","url":"https://dealroom.so/glossary/collateral-requirements"},{"term":"Lien on Accounts Receivable","url":"https://dealroom.so/glossary/lien-on-accounts-receivable"},{"term":"Lien on fixtures","url":"https://dealroom.so/glossary/lien-on-fixtures"},{"term":"Waiving a Lien","url":"https://dealroom.so/glossary/waiving-a-lien"},{"term":"Perfect a lien","url":"https://dealroom.so/glossary/perfect-a-lien"}],"related_tools":[{"name":"SBA 7(a) payment & fee calculator","url":"https://dealroom.so/sba-7a/calculator"},{"name":"Find an active SBA 7(a) lender","url":"https://dealroom.so/lenders"}],"data_freshness":{"last_reviewed":"2026-06-13","sba_rule_sources_checked_through":"2026-06-13"},"citation":{"label":"DealRoom.so SBA 7(a) Q&A","url":"https://dealroom.so/for-lenders/questions/what-are-the-specific-requirements-for-securing-a-lien-on-titled-vehicles-as-collateral-fo","source_type":"DealRoom Q&A"},"caveats":["Grounded in the current SBA rulebook; verify against official sources before relying on it for a live deal.","Not legal, tax, or financial advice and not an approval decision."]}