{"ok":true,"canonical_url":"https://dealroom.so/glossary/claim","api_url":"https://dealroom.so/api/public/glossary/claim","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":"claim","term":"Claim","group":"The loan itself","definition":"When a borrower defaults on an SBA loan, the lender can \"claim\" a portion of the loss from the SBA. This is the SBA fulfilling its guaranty to the lender.","what_it_means":"If you default and the lender can't recover their money through liquidation, they'll file a claim with the SBA. The SBA then pays the guaranteed percentage (usually 75%) to the lender. This doesn't relieve your personal guarantee obligations; the SBA will pursue you for the full amount.","url":"https://dealroom.so/glossary/claim","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":"loan-default","term":"Loan default","url":"https://dealroom.so/glossary/loan-default"},{"slug":"liquidation","term":"Liquidation","url":"https://dealroom.so/glossary/liquidation"},{"slug":"guaranty","term":"Guaranty","url":"https://dealroom.so/glossary/guaranty"},{"slug":"personal-guarantee","term":"Personal guarantee","url":"https://dealroom.so/glossary/personal-guarantee"}],"related_questions":[{"question":"What if the business I want to buy has pending litigation or unresolved legal claims?","url":"https://dealroom.so/sba-7a/questions/what-if-the-business-i-want-to-buy-has-pending-litigation-or-unresolved-legal-claims"},{"question":"How does a recent civil judgment (e.g., from a small claims court) affect my SBA 7(a) loan eligibility?","url":"https://dealroom.so/sba-7a/questions/how-does-a-recent-civil-judgment-e-g-from-a-small-claims-court-affect-my-sba-7-a-loan-elig"}]},"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 — Claim","url":"https://dealroom.so/glossary/claim","source_type":"DealRoom Data"}}