Glossary · Doing the deal
In short
This is the legal process lenders use to publicly establish their security interest in your collateral, giving them priority over other creditors. It ensures the lender has a valid claim if the loan defaults.
For an SBA loan, your lender will perfect their lien on business assets, and potentially personal assets, through UCC filings or recording mortgages. This protects their interest. Ensure all necessary steps are completed at closing, as an unperfected lien can jeopardize the loan.
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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