Glossary · People and paperwork
In short
An asset owned by two or more parties, like a piece of equipment co-owned by spouses. For an SBA loan, clarity on ownership is essential for collateral.
If an asset is jointly owned, all owners must agree to pledge it as collateral for your SBA loan. This is particularly relevant for personal collateral, like real estate or marketable securities, where spouses or partners may be co-owners. Ensure all parties are on board and sign necessary documents.
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.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
Free · No documents · Usually same-day