{"ok":true,"canonical_url":"https://dealroom.so/glossary/guarantee-repair","api_url":"https://dealroom.so/api/public/glossary/guarantee-repair","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":"guarantee-repair","term":"Guarantee repair","group":"The loan itself","definition":"Guarantee repair refers to actions the SBA takes to reduce its financial obligation on a defaulted loan, often due to lender errors. This can happen if the lender didn't follow SBA rules.","what_it_means":"If your loan defaults and the lender made errors in underwriting, closing, or servicing, the SBA can \"repair\" (reduce) its guarantee percentage. This means the lender gets less back from the SBA. While this doesn't directly affect your obligation to repay, it highlights the importance of working with a diligent lender to ensure your loan documentation is flawless from the start.","url":"https://dealroom.so/glossary/guarantee-repair","official_sources":[{"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"},{"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":"loan-default","term":"Loan default","url":"https://dealroom.so/glossary/loan-default"},{"slug":"servicing","term":"Servicing","url":"https://dealroom.so/glossary/servicing"},{"slug":"origination","term":"Origination","url":"https://dealroom.so/glossary/origination"},{"slug":"liquidation","term":"Liquidation","url":"https://dealroom.so/glossary/liquidation"}],"related_questions":[{"question":"What constitutes a \"repair\" to the SBA guaranty during a purchase request?","url":"https://dealroom.so/for-lenders/questions/what-constitutes-a-repair-to-the-sba-guaranty-during-a-purchase-request"},{"question":"What common underwriting errors typically lead to an SBA 7(a) loan guaranty repair?","url":"https://dealroom.so/for-lenders/questions/what-common-underwriting-errors-typically-lead-to-an-sba-7-a-loan-guaranty-repair"},{"question":"What is the key impact of a 'repair' on an SBA guaranty purchase request?","url":"https://dealroom.so/for-lenders/questions/what-is-the-key-impact-of-a-repair-on-an-sba-guaranty-purchase-request"},{"question":"Can a lender appeal an SBA decision to repair or deny a guaranty purchase request?","url":"https://dealroom.so/for-lenders/questions/can-a-lender-appeal-an-sba-decision-to-repair-or-deny-a-guaranty-purchase-request"},{"question":"What specific actions or omissions by a lender in liquidation can lead to a guaranty repair?","url":"https://dealroom.so/for-lenders/questions/what-specific-actions-or-omissions-by-a-lender-in-liquidation-can-lead-to-a-guaranty-repai"},{"question":"What specific lender errors typically result in a 'repair' of the 7(a) guaranty during liquidation?","url":"https://dealroom.so/for-lenders/questions/what-specific-lender-errors-typically-result-in-a-repair-of-the-7-a-guaranty-during-liquid"}]},"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 — Guarantee repair","url":"https://dealroom.so/glossary/guarantee-repair","source_type":"DealRoom Data"}}