Glossary · Doing the deal
In short
A legal document that pledges real estate as collateral for a loan, granting the lender a lien. This is how the lender secures their interest in any real property involved in the acquisition.
If your acquisition includes real estate, or if you're pledging personal real estate as collateral, you'll sign a mortgage or deed of trust. This document is recorded with the county, publicly establishing the lender's lien. Understand that this gives the lender the right to foreclose if you default on the loan.
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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