Asset List
What the SBA Asset List is, why it matters for loan security, and how to fill it out right—so it doesn’t get kicked back.
WHY
The SBA needs a list of what your business owns—especially vehicles or equipment that could be used as collateral.
Even if your loan isn’t tied to assets, this list confirms that your business is real and operating. If something major is missing or unclear, the bank will pause the file to investigate.
WHAT
This is a list of physical items your business owns that are worth over $5,000 including:
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Equipment or machinery
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Company-owned vehicles
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Office furniture or technology
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Inventory (if relevant)
For all items, if applicable, include:
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Description
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Make, model, and serial number (if available)
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Location (address)
If your business owns a vehicle worth over $20,000 with no loan on it, the bank may ask for more info.
HOW
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Use the template we provide (Excel or Google Sheets)
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Fill out all sections: business name, address, itemized assets, and locations
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Sign and date the bottom before uploading
- Example:
📣 Pro Tips:
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Don’t put “$0” or “N/A”—leave blank if you’re unsure and we’ll help
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Don’t list leased equipment—only what your business fully owns
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If you don’t have any big assets, that’s okay—just note “No assets over $5,000”
FAQ – Asset List
Q: What if I lease all my equipment?
A: That’s fine—just leave it off. Only list what your business owns.
Q: What if I don’t have serial numbers?
A: Just list what you can. We’ll flag anything the bank might need more info on.
Q: What if I use the same items across multiple locations?
A: List the item once and note that it travels between sites—or list the primary location.
Q: What happens if I leave this blank?
A: The loan won’t move forward. Even a short, basic list shows your business is active.