Glossary · Doing the deal
In short
How straightforward it is for a lender to legally establish their security interest (lien) in collateral, making it enforceable against other creditors. This impacts the lender's risk assessment.
Lenders prefer collateral where their lien can be easily "perfected," meaning they can clearly establish their claim. Tangible assets like real estate or equipment are easier to perfect than, say, intellectual property. This impacts what the lender will accept as collateral and how quickly they can close your deal.
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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