{"ok":true,"canonical_url":"https://dealroom.so/glossary/holder-of-the-note","api_url":"https://dealroom.so/api/public/glossary/holder-of-the-note","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-of-the-note","term":"Holder of the Note","group":"People and paperwork","definition":"This is the legal entity that owns the promissory note and is entitled to receive payments from the borrower. It's typically the lender who originated your SBA loan.","what_it_means":"The lender you work with will be the initial Holder of the Note, meaning they legally own your debt. While the SBA guarantees a portion of the loan, the lender remains the primary party you deal with for payments, servicing, and any loan modifications. It's important to know who holds your note for all official communications.","url":"https://dealroom.so/glossary/holder-of-the-note","official_sources":[],"related":[{"slug":"note","term":"Note","url":"https://dealroom.so/glossary/note"},{"slug":"primary-servicer","term":"Primary servicer","url":"https://dealroom.so/glossary/primary-servicer"},{"slug":"loan-agreement","term":"Loan agreement","url":"https://dealroom.so/glossary/loan-agreement"}],"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":"What is the required duration of a full standby seller note?","url":"https://dealroom.so/sba-7a/questions/what-is-the-required-duration-of-a-full-standby-seller-note"},{"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-"},{"question":"Can the seller receive any form of compensation from the acquired business during the standby period of their seller note?","url":"https://dealroom.so/sba-7a/questions/can-the-seller-receive-any-form-of-compensation-from-the-acquired-business-during-the-stan"},{"question":"What if the seller of the business insists on receiving a portion of their note repayment within the first year?","url":"https://dealroom.so/sba-7a/questions/what-if-the-seller-of-the-business-insists-on-receiving-a-portion-of-their-note-repayment-"}]},"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 of the Note","url":"https://dealroom.so/glossary/holder-of-the-note","source_type":"DealRoom Data"}}