Glossary · Doing the deal
In short
A legal agreement granting a secured party, usually a lender, control over a borrower's deposit accounts or investment property. It perfects the lender's security interest in these assets.
If the business has significant cash balances in bank accounts or marketable securities that are pledged as collateral, your SBA lender may require a Control Agreement. This ensures the lender has priority access to those funds in case of default. Understand that this gives the lender significant power over those specific assets.
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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