Glossary · Doing the deal
In short
A legal claim filed publicly against an asset, like equipment or real estate, indicating someone else has a financial interest in it. Lenders record liens to secure their loans.
Your SBA lender will record a lien against the business's assets (inventory, equipment, accounts receivable, general intangibles) to secure the loan. This gives them a legal claim if you default. A UCC filing is the most common way to perfect and record a lien on business assets. You'll want to ensure no other unperfected liens exist that could compromise the lender's priority.
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.
Line up financing while you're under LOI
Tell us the business, the price, and your timeline — we'll match you with lenders who close deals like yours and flag anything that stalls the process.
Free · No documents · Usually same-day