{"ok":true,"canonical_url":"https://dealroom.so/glossary/claim-on-the-sba-guarantee","api_url":"https://dealroom.so/api/public/glossary/claim-on-the-sba-guarantee","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-on-the-sba-guarantee","term":"Claim on the SBA Guarantee","group":"The loan itself","definition":"What happens when a borrower defaults on an SBA loan and the lender asks the SBA to honor its guarantee and pay the guaranteed portion. Buyer cares because this is the ultimate consequence of a defaulted SBA loan from the lender's perspective.","what_it_means":"If you default on your SBA loan, the lender first attempts to collect from you and liquidate collateral. If these efforts fail, the lender then makes a \"Claim on the SBA Guarantee.\" While this pays the lender, it doesn't absolve you of your personal guarantee; the SBA will then pursue you for the outstanding debt.","url":"https://dealroom.so/glossary/claim-on-the-sba-guarantee","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":"sba-guaranty","term":"SBA guaranty","url":"https://dealroom.so/glossary/sba-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"}],"related_questions":[{"question":"Does being listed on the SBA Franchise Directory guarantee SBA loan approval?","url":"https://dealroom.so/sba-7a/questions/does-being-listed-on-the-sba-franchise-directory-guarantee-sba-loan-approval"},{"question":"How long does the SBA guarantee last on a 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/how-long-does-the-sba-guarantee-last-on-a-7-a-loan"},{"question":"What is the maximum amount the SBA will guarantee on a 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-is-the-maximum-amount-the-sba-will-guarantee-on-a-7-a-loan"},{"question":"What is the maximum percentage the SBA will guarantee on a 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-is-the-maximum-percentage-the-sba-will-guarantee-on-a-7-a-loan"},{"question":"Why do I still need to personally guarantee an SBA 7(a) loan if the SBA also guarantees it?","url":"https://dealroom.so/sba-loans/basics/why-do-i-still-need-to-personally-guarantee-an-sba-7-a-loan-if-the-sba-also-guarantees-it"},{"question":"What is the meaning of a 'personal guarantee' on an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-is-the-meaning-of-a-personal-guarantee-on-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 — Claim on the SBA Guarantee","url":"https://dealroom.so/glossary/claim-on-the-sba-guarantee","source_type":"DealRoom Data"}}