Glossary · Doing the deal
In short
The act of replacing one piece of collateral pledged for a loan with another of equal or greater value, subject to lender and SBA approval.
If you later sell an asset that was pledged as 'collateral' for your SBA loan, you'll need the lender's and SBA's permission to substitute it with a new asset. The new collateral must meet their requirements for value and lien position, and this process is not automatic.
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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