{"ok":true,"canonical_url":"https://dealroom.so/glossary/holder","api_url":"https://dealroom.so/api/public/glossary/holder","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":"holder","term":"Holder","group":"People and paperwork","definition":"The entity or individual legally possessing a financial instrument, like a promissory Note or a security. The Holder has the right to enforce the terms of that instrument, such as demanding payment on a loan.","what_it_means":"In the context of your 7(a) loan, your lender is the initial Holder of your promissory Note. If the guaranteed portion of your loan is sold on the Secondary market, the investors in the loan pool become the Holders of the Certificate of Guaranty, but your lender remains the Holder of the underlying Note and Servicing Rights.","url":"https://dealroom.so/glossary/holder","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":"note","term":"Note","url":"https://dealroom.so/glossary/note"},{"slug":"secondary-market","term":"Secondary Market","url":"https://dealroom.so/glossary/secondary-market"},{"slug":"servicing-rights","term":"Servicing Rights","url":"https://dealroom.so/glossary/servicing-rights"},{"slug":"certificate-of-guaranty","term":"Certificate of Guaranty","url":"https://dealroom.so/glossary/certificate-of-guaranty"}],"related_questions":[{"question":"What happens if the seller's note holder files for bankruptcy during my SBA loan term?","url":"https://dealroom.so/sba-7a/questions/what-happens-if-the-seller-s-note-holder-files-for-bankruptcy-during-my-sba-loan-term"},{"question":"Can a U.S. Green Card holder (Permanent Resident) be an eligible applicant for a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/can-a-u-s-green-card-holder-permanent-resident-be-an-eligible-applicant-for-a-7-a-loan"},{"question":"Can I get an SBA 7(a) loan if I am a lawful permanent resident (Green Card holder) but not a U.S. citizen?","url":"https://dealroom.so/sba-7a/questions/can-i-get-an-sba-7-a-loan-if-i-am-a-lawful-permanent-resident-green-card-holder-but-not-a-"}]},"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 — Holder","url":"https://dealroom.so/glossary/holder","source_type":"DealRoom Data"}}