Glossary · The loan itself
In short
This is a loan not backed by specific collateral. While rare for 7(a) acquisition loans, some smaller business debts might be unsecured.
SBA 7(a) loans are typically secured by all available business assets and, if necessary, personal assets. You might encounter unsecured loans when reviewing the seller's existing debt. If you're consolidating or refinancing these, your new SBA loan will likely secure them. Understand which debts are secured versus unsecured as you assess liabilities.
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.
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