Glossary · People and paperwork
In short
A state where assets acquired during marriage are generally considered the separate property of each spouse, unless specifically titled jointly. This distinction significantly impacts how a lender assesses available collateral and who must provide a personal guarantee.
In these states, your spouse's assets may not automatically be considered part of the collateral for an SBA loan, nor are they necessarily subject to your personal guarantee unless your spouse explicitly signs. Lenders will still likely require your spouse's guarantee if they own 20% or more of the business or hold substantial collateral that is critical to 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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