Glossary · The loan itself
Personal Property
In short
Moveable assets of a business or individual, distinct from real estate. This includes things like equipment, inventory, vehicles, and accounts receivable.
What it means in a deal
For an SBA loan, most business personal property will be pledged as collateral. This is usually secured by a UCC-1 filing. Understand which specific assets are being used as collateral and ensure they are accurately valued.
Official sources
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 Property
- Can a lien on my personal vehicle or other personal property be required as collateral for an SBA 7(a) loan?
- What if my equity injection includes funds from a personal loan secured by my unencumbered investment property?
- What documentation is required to verify equity injection from a personal loan secured by non-pledged investment property?
- Can a buyer's existing personal intellectual property, like a patented design, be valued and counted towards the equity injection?
- How does a lender verify equity injection funds originating from a personal loan secured by the borrower's unencumbered investment property?
- If the business property is owned by the seller's separate entity, can the SBA 7(a) loan include financing for both the business and the property?
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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