Glossary · Your money in the deal
Personal Assets
In short
These are individual possessions with monetary value, like your home, savings, or investments. Lenders assess these to evaluate your financial strength and collateral for a personal guarantee.
What it means in a deal
For an SBA loan, your personal assets are considered when determining your ability to inject equity and provide collateral for your personal guarantee. Lenders will review your Personal Financial Statement. You might leverage personal assets for your equity injection or as additional collateral for the loan.
Official sources
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
SBA Form 1919 — Borrower Information Form
U.S. Small Business Administration · SBA form
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Related terms
Common questions about Personal Assets
- Do I need personal assets to secure the loan if the business assets are sufficient?
- If the business's assets are insufficient, will I need to pledge personal assets as collateral?
- Can a business owner's personal assets be used as collateral if business assets are limited?
- If business assets are limited, what specific personal assets, besides real estate, might be required as collateral?
- Does a personal guaranty extend to my personal assets acquired after the loan closing date?
- What happens if a required personal guarantor lacks sufficient personal assets for an effective guaranty?
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.
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