{"ok":true,"canonical_url":"https://dealroom.so/glossary/call-of-the-guaranty","api_url":"https://dealroom.so/api/public/glossary/call-of-the-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":"call-of-the-guaranty","term":"Call of the guaranty","group":"The loan itself","definition":"This occurs when the lender asks the SBA to honor its promise to cover a portion of a defaulted loan. It happens after the borrower stops making payments and the lender has exhausted all other recovery efforts.","what_it_means":"If your business loan defaults, the lender will first try to liquidate collateral and collect from personal guarantees. Only after these steps, and if there's still a shortfall, does the lender \"call the guaranty,\" meaning they request the SBA to pay its guaranteed percentage of the remaining loss.","url":"https://dealroom.so/glossary/call-of-the-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"},{"slug":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"}],"related":[{"slug":"guaranty","term":"Guaranty","url":"https://dealroom.so/glossary/guaranty"},{"slug":"loan-default","term":"Loan default","url":"https://dealroom.so/glossary/loan-default"},{"slug":"personal-guarantee","term":"Personal guarantee","url":"https://dealroom.so/glossary/personal-guarantee"},{"slug":"recourse","term":"Recourse","url":"https://dealroom.so/glossary/recourse"}],"related_questions":[{"question":"What is the purpose of the SBA's loan guaranty?","url":"https://dealroom.so/sba-loans/basics/what-is-the-purpose-of-the-sba-s-loan-guaranty"},{"question":"What are the benefits of the SBA guaranty for the lender?","url":"https://dealroom.so/sba-loans/basics/what-are-the-benefits-of-the-sba-guaranty-for-the-lender"},{"question":"What is the purpose of the SBA guaranty fee on my loan?","url":"https://dealroom.so/sba-loans/basics/what-is-the-purpose-of-the-sba-guaranty-fee-on-my-loan"},{"question":"What is the importance of the SBA Form 1149 in the guaranty purchase process?","url":"https://dealroom.so/for-lenders/questions/what-is-the-importance-of-the-sba-form-1149-in-the-guaranty-purchase-process"},{"question":"What is the maximum percentage of an SBA 7(a) loan guaranty?","url":"https://dealroom.so/for-lenders/questions/what-is-the-maximum-percentage-of-an-sba-7-a-loan-guaranty"},{"question":"What is the meaning of the word \"guaranty\" in an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-is-the-meaning-of-the-word-guaranty-in-an-sba-7-a-loan"}]},"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 — Call of the guaranty","url":"https://dealroom.so/glossary/call-of-the-guaranty","source_type":"DealRoom Data"}}