Glossary · Doing the deal
In short
A sale of assets or a business conducted openly, often through an auction, to the highest bidder. This is typically done to recover funds from a defaulted loan.
If an SBA loan defaults and the lender needs to liquidate collateral, they might conduct a public sale (like a public auction) to maximize recovery. As a buyer, you won't typically initiate a public sale, but understanding the concept helps if you acquire assets from a distressed situation.
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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