Glossary · People and paperwork
In short
A legal document proving ownership of an asset, often a vehicle or real estate. For buyers, it confirms the seller can legally transfer specific property, preventing future ownership disputes.
When buying a business with vehicles or titled equipment, your lender will require a clean Certificate of Title. This ensures the asset is free of undisclosed liens and can be properly transferred to you. Verify that the seller's name on the title matches the business entity selling the asset.
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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