Glossary · People and paperwork
In short
State-specific rules dictating how assets and debts are owned and divided between spouses during marriage or divorce. These laws are critical in determining what assets can be used as collateral and who must guarantee an SBA loan.
Lenders must adhere to state marital property laws when securing collateral and obtaining personal guarantees. If you are married, your spouse may be required to sign the personal guarantee or formally subordinate their interest in any jointly-owned collateral, even if they are not directly involved in the business's operations.
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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