Glossary · Doing the deal
In short
This is the legal process of establishing a lender's security interest in specific collateral, making it enforceable against third parties. It protects the lender's claim.
For an SBA loan, your lender will perfect its lien on all business assets using UCC filings for personal property and a Mortgage Deed for real estate. This ensures the lender is first in line to claim those assets if the business defaults and assets are liquidated.
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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