Glossary · People and paperwork
In short
These are states where marital assets acquired during marriage are considered jointly owned by both spouses. If you live in one, your spouse will likely need to sign a personal guarantee or a spousal consent form for an SBA loan.
In a community property state, even if your spouse isn't involved in the business, their signature may be required on loan documents to allow the lender to perfect a lien on community assets. This is because your spouse has an ownership interest in those assets, impacting available collateral.
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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