Glossary · Doing the deal
In short
This is a detailed strategy developed by the lender and SBA for recovering funds if a loan defaults. It outlines how assets will be sold to repay the outstanding debt.
While you're focused on buying and growing, lenders and the SBA have a liquidation plan in mind from day one. It identifies all collateral and personal guarantees that could be called upon if the business fails. Understand your personal exposure and the collateral pledged if things go south.
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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