Glossary · The loan itself
In short
A legal claim on collateral that has been properly established and recorded, making it enforceable against third parties. This protects the lender's right to seize assets if you default.
Your lender will "perfect" their security interest by filing a UCC-1 financing statement for business assets and recording a mortgage for real estate. This ensures the SBA loan has priority over most other creditors. Verify that the lender has properly perfected their lien to avoid future disputes.
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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