Glossary · People and paperwork
In short
This refers to all the legal papers that prove a lender has a security interest in the assets you've pledged for your loan. It's the proof of what secures the debt.
For an SBA loan, you'll sign extensive collateral documentation, including security agreements and UCC filings, to grant the lender a lien on business assets. Review these documents carefully to understand exactly what is pledged and the lender's rights, especially concerning any personal assets.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
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.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
Free · No documents · Usually same-day