{"ok":true,"canonical_url":"https://dealroom.so/glossary/guaranty-purchase-review","api_url":"https://dealroom.so/api/public/glossary/guaranty-purchase-review","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-review","term":"Guaranty Purchase Review","group":"The loan itself","definition":"This is the SBA's process of reviewing a defaulted loan to determine if it will honor its guarantee to the lender. It occurs if the loan goes bad.","what_it_means":"If your loan defaults and the lender can't recover their funds, they'll submit a 'guaranty purchase request' to the SBA. The SBA then conducts a thorough review to ensure the lender followed all rules and didn't commit 'servicing deficiencies' before paying out on the guarantee.","url":"https://dealroom.so/glossary/guaranty-purchase-review","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"}],"related":[{"slug":"guaranty","term":"Guaranty","url":"https://dealroom.so/glossary/guaranty"},{"slug":"loan-default","term":"Loan default","url":"https://dealroom.so/glossary/loan-default"},{"slug":"servicing","term":"Servicing","url":"https://dealroom.so/glossary/servicing"},{"slug":"call-of-the-guaranty","term":"Call of the guaranty","url":"https://dealroom.so/glossary/call-of-the-guaranty"}],"related_questions":[{"question":"How does a lender respond if the SBA requests additional information or clarification during the guaranty purchase review process?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-respond-if-the-sba-requests-additional-information-or-clarification-duri"},{"question":"What constitutes an 'associate' that may require a personal guaranty or affiliation review for 7(a) loans?","url":"https://dealroom.so/for-lenders/questions/what-constitutes-an-associate-that-may-require-a-personal-guaranty-or-affiliation-review-f"},{"question":"How does a lender handle an SBA decision to repair a guaranty due to a minor documentation error during UPP review?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-handle-an-sba-decision-to-repair-a-guaranty-due-to-a-minor-documentation"},{"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"}]},"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 Review","url":"https://dealroom.so/glossary/guaranty-purchase-review","source_type":"DealRoom Data"}}