Glossary · People and paperwork
In short
A document signed by a spouse or other non-owner who has an ownership interest in pledged collateral, acknowledging the lien but not guaranteeing the loan. It ensures the collateral can be liquidated if necessary.
If your spouse has an ownership stake in personal collateral (like a home) that's being pledged for the loan, they'll sign a Limited Joinder. This isn't a Personal Guarantee; it just means they can't block the lender from taking the collateral if you default. Make sure they understand this distinction.
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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