Glossary · Doing the deal
In short
This is an agreement signed by the landlord, allowing the lender to access and remove collateral from the leased premises if the business defaults on its loan.
If the business operates from leased space, your lender will require the landlord to sign a waiver. This document ensures the lender can retrieve their collateral (like inventory or equipment) without interference from the landlord. It's a critical closing document.
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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