Glossary · Your money in the deal
Personal Asset
In short
These are items of value you own outside the business, like your home, investment accounts, or vehicles. They are often required as additional collateral for an SBA loan.
What it means in a deal
Expect to pledge your unencumbered personal assets as collateral, even if the business assets cover the loan. This is part of the SBA's "all available collateral" rule and reinforces your personal guarantee. Lenders will review your personal financial statement.
Official sources
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.
Related terms
Common questions about Personal Asset
- How does a recent significant personal asset purchase affect my SBA 7(a) loan application?
- When is personal real estate required as additional collateral for a 7(a) loan with a business asset shortfall?
- What specific documentation is required for a lender to verify equity injection from the sale of a personal asset?
- What if my spouse is a co-signer on a personal asset offered as collateral but not an owner?
- What if my equity injection funds are from the sale of a personal asset like a boat or RV?
- Is a blanket lien on all business assets always required for a 7(a) loan, regardless of loan size or asset value?
Defined by CapBench 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.
Figure out your down payment and equity injection
Tell us your purchase price and how you're funding the down payment — we'll sanity-check the equity injection and show what lenders will actually accept.
Free · No documents · Usually same-day
Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.