{"ok":true,"canonical_url":"https://dealroom.so/glossary/assignment-of-guaranty","api_url":"https://dealroom.so/api/public/glossary/assignment-of-guaranty","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"assignment-of-guaranty","term":"Assignment of Guaranty","aka":"SBA Form 1088","group":"People and paperwork","definition":"A document where the SBA transfers its interest in a loan guaranty from one lender to another. This is an internal SBA process, not something buyers directly handle.","what_it_means":"This form is used when the SBA sells its guaranteed portion of a loan on the secondary market to investors. As a borrower, you won't typically interact with this form, but it ensures the underlying SBA guaranty on your loan remains valid, regardless of who holds the guaranteed portion.","url":"https://dealroom.so/glossary/assignment-of-guaranty","official_sources":[{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"}],"related":[{"slug":"guaranty","term":"Guaranty","url":"https://dealroom.so/glossary/guaranty"},{"slug":"secondary-market","term":"Secondary Market","url":"https://dealroom.so/glossary/secondary-market"},{"slug":"certificate-of-guaranty","term":"Certificate of Guaranty","url":"https://dealroom.so/glossary/certificate-of-guaranty"},{"slug":"loan-portfolio","term":"Loan Portfolio","url":"https://dealroom.so/glossary/loan-portfolio"}],"related_questions":[{"question":"How does a collateral assignment of life insurance protect a lender?","url":"https://dealroom.so/sba-7a/questions/how-does-a-collateral-assignment-of-life-insurance-protect-a-lender"},{"question":"When does the SBA typically mandate collateral assignment of life insurance for a business loan?","url":"https://dealroom.so/sba-7a/questions/when-does-the-sba-typically-mandate-collateral-assignment-of-life-insurance-for-a-business"},{"question":"How does a lender ensure proper collateral assignment of life insurance on multiple key principals?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-ensure-proper-collateral-assignment-of-life-insurance-on-multiple-key-pr"},{"question":"When is collateral assignment of life insurance required for principals on an SBA 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/when-is-collateral-assignment-of-life-insurance-required-for-principals-on-an-sba-7-a-loan"},{"question":"Does the SBA typically require an assignment of life insurance as collateral for key principals in an acquisition?","url":"https://dealroom.so/sba-7a/questions/does-the-sba-typically-require-an-assignment-of-life-insurance-as-collateral-for-key-princ"},{"question":"When is a collateral assignment of life insurance on a key principal mandatory for an SBA 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/when-is-a-collateral-assignment-of-life-insurance-on-a-key-principal-mandatory-for-an-sba-"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Assignment of Guaranty","url":"https://dealroom.so/glossary/assignment-of-guaranty","source_type":"DealRoom Data"}}