{"ok":true,"canonical_url":"https://dealroom.so/glossary/guaranty-purchase-claim","api_url":"https://dealroom.so/api/public/glossary/guaranty-purchase-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":"guaranty-purchase-claim","term":"Guaranty purchase claim","group":"The loan itself","definition":"This is when a lender asks the SBA to honor its government guaranty after a borrower defaults and the lender has exhausted all recovery efforts. It's the official request for the SBA to pay out.","what_it_means":"If your SBA 7(a) loan defaults and the lender can't recover enough from collateral or personal guarantees, they'll submit a guaranty purchase claim to the SBA. The SBA then reviews the lender's servicing and liquidation efforts before paying the guaranteed portion. This is a post-default event.","url":"https://dealroom.so/glossary/guaranty-purchase-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":"government-guaranty","term":"Government guaranty","url":"https://dealroom.so/glossary/government-guaranty"},{"slug":"loan-default","term":"Loan default","url":"https://dealroom.so/glossary/loan-default"},{"slug":"liquidation","term":"Liquidation","url":"https://dealroom.so/glossary/liquidation"},{"slug":"servicing","term":"Servicing","url":"https://dealroom.so/glossary/servicing"}],"related_questions":[{"question":"What documentation is required to request a guaranty purchase using the Universal Purchase Package (UPP)?","url":"https://dealroom.so/for-lenders/questions/what-documentation-is-required-to-request-a-guaranty-purchase-using-the-universal-purchase"},{"question":"What specific documentation must a lender include in a Universal Purchase Package (UPP) for a guaranty purchase?","url":"https://dealroom.so/for-lenders/questions/what-specific-documentation-must-a-lender-include-in-a-universal-purchase-package-upp-for-"},{"question":"What documentation is required for a lender to request a guaranty purchase using the Universal Purchase Package (UPP)?","url":"https://dealroom.so/for-lenders/questions/what-documentation-is-required-for-a-lender-to-request-a-guaranty-purchase-using-the-unive"},{"question":"What impact does a lender's failure to obtain a required personal guaranty have on a guaranty purchase request?","url":"https://dealroom.so/for-lenders/questions/what-impact-does-a-lender-s-failure-to-obtain-a-required-personal-guaranty-have-on-a-guara"},{"question":"What are the key elements a lender must include in a Universal Purchase Package (UPP) submission for guaranty purchase?","url":"https://dealroom.so/for-lenders/questions/what-are-the-key-elements-a-lender-must-include-in-a-universal-purchase-package-upp-submis"},{"question":"What specific documentation is required for a lender to request a guaranty purchase using the Universal Purchase Package (UPP)?","url":"https://dealroom.so/for-lenders/questions/what-specific-documentation-is-required-for-a-lender-to-request-a-guaranty-purchase-using-"}]},"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 — Guaranty purchase claim","url":"https://dealroom.so/glossary/guaranty-purchase-claim","source_type":"DealRoom Data"}}