Glossary · Doing the deal
In short
This is the legal process of recording a lender's claim on your assets (collateral) as security for a loan. It ensures the lender has priority if you default.
For an SBA 7(a) loan, your lender will file a UCC lien (Uniform Commercial Code) on business assets and potentially a mortgage on real estate. This perfects their lien position, giving them the right to seize specific assets if you don't repay. Ensure all filings are accurate and complete before closing.
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.
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