Glossary · Doing the deal
In short
This is the legal process where a lender seizes and sells specific collateral, like equipment or real estate, to satisfy a defaulted loan. It's the practical step of getting paid from assets.
If you default, the bank will move to execute on assets pledged as collateral. Ensure you understand exactly which business and personal assets are pledged in your loan agreement. This is a key part of the lender's Collection remedy.
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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