Glossary · Doing the deal
In short
This refers to all the assets pledged to secure an SBA loan, ensuring the lender can recover funds if you default. It typically includes business assets and, if needed, personal assets.
For an SBA 7(a) loan, the lender will take a first lien on all business assets. If there's a collateral shortfall, they may require a lien on personal assets, like your home (often a second mortgage). Understand every asset included in your collateral package and its implications for you.
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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