{"ok":true,"canonical_url":"https://dealroom.so/glossary/electronic-notice-of-default","api_url":"https://dealroom.so/api/public/glossary/electronic-notice-of-default","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":"electronic-notice-of-default","term":"Electronic Notice of Default","aka":"ENDO","group":"The loan itself","definition":"An official electronic notification from the SBA to the lender regarding a potential issue or default on an SBA-guaranteed loan. This flags loans needing attention or at risk.","what_it_means":"This is an internal SBA communication to lenders, not directly to you. It signifies that the SBA has identified a problem with a loan, which could be related to missed payments, servicing deficiencies, or other compliance issues. While you won't receive it, an ENDO often precedes more direct communication from your lender about curing a default.","url":"https://dealroom.so/glossary/electronic-notice-of-default","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":"servicing-deficiency","term":"Servicing deficiency","url":"https://dealroom.so/glossary/servicing-deficiency"},{"slug":"servicing","term":"Servicing","url":"https://dealroom.so/glossary/servicing"},{"slug":"sba-loan-guaranty","term":"SBA Loan Guaranty","url":"https://dealroom.so/glossary/sba-loan-guaranty"}],"related_questions":[{"question":"What is the specific timeframe for a lender to notify the SBA of a 7(a) loan default?","url":"https://dealroom.so/for-lenders/questions/what-is-the-specific-timeframe-for-a-lender-to-notify-the-sba-of-a-7-a-loan-default"},{"question":"What happens if I default on an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-happens-if-i-default-on-an-sba-7-a-loan"},{"question":"What constitutes a \"material default\" by a 7(a) lender that would lead to an outright denial of a guaranty purchase request?","url":"https://dealroom.so/for-lenders/questions/what-constitutes-a-material-default-by-a-7-a-lender-that-would-lead-to-an-outright-denial-"},{"question":"How does a lender request an SBA guaranty purchase after loan default?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-request-an-sba-guaranty-purchase-after-loan-default"},{"question":"What constitutes 'prudent liquidation' for a 7(a) loan to protect the SBA guaranty during default?","url":"https://dealroom.so/for-lenders/questions/what-constitutes-prudent-liquidation-for-a-7-a-loan-to-protect-the-sba-guaranty-during-def"},{"question":"What are a lender's primary responsibilities once a 7(a) loan enters liquidation after default?","url":"https://dealroom.so/for-lenders/questions/what-are-a-lender-s-primary-responsibilities-once-a-7-a-loan-enters-liquidation-after-defa"}]},"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 — Electronic Notice of Default","url":"https://dealroom.so/glossary/electronic-notice-of-default","source_type":"DealRoom Data"}}