Glossary · Doing the deal
In short
This is a legal transfer of the right to receive payment from a contract to another party, often a lender. It's how your lender secures their interest in the business's receivables.
In an SBA loan, your lender will require an assignment of claims for certain assets, like accounts receivable, to secure the loan. If the business has government contracts, this process is governed by the Federal Assignment of Claims Act and requires specific steps to make the assignment valid.
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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