{"ok":true,"canonical_url":"https://dealroom.so/glossary/non-owner-guarantor","api_url":"https://dealroom.so/api/public/glossary/non-owner-guarantor","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":"non-owner-guarantor","term":"Non-owner guarantor","group":"People and paperwork","definition":"An individual who guarantees an SBA loan but does not own 20% or more of the business. This person is still personally liable for the loan.","what_it_means":"Anyone owning 20% or more of the business must typically guarantee the SBA loan. A non-owner guarantor is usually someone like a key employee or a spouse who doesn't meet the 20% threshold but is still required to guarantee due to their role or shared assets. Understand who needs to sign a personal guarantee.","url":"https://dealroom.so/glossary/non-owner-guarantor","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":"personal-guarantee","term":"Personal guarantee","url":"https://dealroom.so/glossary/personal-guarantee"},{"slug":"guaranty","term":"Guaranty","url":"https://dealroom.so/glossary/guaranty"},{"slug":"key-principal","term":"Key principal","url":"https://dealroom.so/glossary/key-principal"},{"slug":"co-borrower","term":"Co-borrower","url":"https://dealroom.so/glossary/co-borrower"}],"related_questions":[{"question":"When is an SBA Form 912 (Statement of Personal History) required for a non-owner guarantor?","url":"https://dealroom.so/for-lenders/questions/when-is-an-sba-form-912-statement-of-personal-history-required-for-a-non-owner-guarantor"},{"question":"When is an SBA Form 912 (Statement of Personal History) specifically required for a non-owner guarantor?","url":"https://dealroom.so/for-lenders/questions/when-is-an-sba-form-912-statement-of-personal-history-specifically-required-for-a-non-owne"},{"question":"How does the SBA verify a non-owner investor's funds used for equity injection if they are not a guarantor?","url":"https://dealroom.so/for-lenders/questions/how-does-the-sba-verify-a-non-owner-investor-s-funds-used-for-equity-injection-if-they-are"},{"question":"When is a personal financial statement (SBA Form 413) required for non-owner guarantors of a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/when-is-a-personal-financial-statement-sba-form-413-required-for-non-owner-guarantors-of-a"},{"question":"What happens to an SBA loan if a principal owner or guarantor dies unexpectedly?","url":"https://dealroom.so/sba-7a/questions/what-happens-to-an-sba-loan-if-a-principal-owner-or-guarantor-dies-unexpectedly"},{"question":"What happens if a major co-owner or guarantor has a recent bankruptcy on their personal credit?","url":"https://dealroom.so/sba-7a/questions/what-happens-if-a-major-co-owner-or-guarantor-has-a-recent-bankruptcy-on-their-personal-cr"}]},"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 — Non-owner guarantor","url":"https://dealroom.so/glossary/non-owner-guarantor","source_type":"DealRoom Data"}}