Glossary · People and paperwork
In short
This is a legal agreement between a borrower, a lender, and a bank holding a deposit account. It gives the lender control over the funds in that account under specific conditions.
Lenders often require an Account Control Agreement for certain collateral, like cash accounts or investment accounts, where they want to perfect a lien. This ensures that if the loan defaults, the lender can access those funds directly. You'll need to cooperate with setting these up for any restricted cash collateral.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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