Glossary · The loan itself
In short
Moveable assets of a business or individual, distinct from real estate. This includes things like equipment, inventory, vehicles, and accounts receivable.
For an SBA loan, most business personal property will be pledged as collateral. This is usually secured by a UCC-1 filing. Understand which specific assets are being used as collateral and ensure they are accurately valued.
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.
See which SBA lenders would fund your deal
Tell us the business, the price, and where you are — we'll point you to the lenders most likely to approve a 7(a) like yours and flag what trips up approval.
Free · No documents · Usually same-day