{"ok":true,"canonical_url":"https://dealroom.so/glossary/performing-status","api_url":"https://dealroom.so/api/public/glossary/performing-status","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":"performing-status","term":"Performing status","group":"The loan itself","definition":"A loan is in \"performing status\" when the borrower is making all required principal and interest payments on time and according to the loan agreement. This is the desired state for any loan.","what_it_means":"Maintaining \"performing status\" on your SBA 7(a) loan is crucial. This means consistently making your monthly payments by the due date. Falling out of performing status can trigger penalties, an increased \"default rate\" interest, and eventually lead to \"loan default\" and potential \"liquidation\" actions.","url":"https://dealroom.so/glossary/performing-status","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":"loan-performance","term":"Loan performance","url":"https://dealroom.so/glossary/loan-performance"},{"slug":"loan-default","term":"Loan default","url":"https://dealroom.so/glossary/loan-default"},{"slug":"default-rate","term":"Default rate","url":"https://dealroom.so/glossary/default-rate"},{"slug":"principal-and-interest","term":"Principal and interest","url":"https://dealroom.so/glossary/principal-and-interest"}],"related_questions":[{"question":"What does 'Preferred Lender Program' (PLP) status mean for a bank?","url":"https://dealroom.so/sba-loans/basics/what-does-preferred-lender-program-plp-status-mean-for-a-bank"},{"question":"What documentation proves U.S. citizenship or Qualified Alien status for owners?","url":"https://dealroom.so/for-lenders/questions/what-documentation-proves-u-s-citizenship-or-qualified-alien-status-for-owners"},{"question":"How is a lender's 'SBA Preferred Lender' status beneficial for the borrower?","url":"https://dealroom.so/sba-loans/basics/how-is-a-lender-s-sba-preferred-lender-status-beneficial-for-the-borrower"},{"question":"What are the rules if a seller note is not on full standby status?","url":"https://dealroom.so/sba-7a/questions/what-are-the-rules-if-a-seller-note-is-not-on-full-standby-status"},{"question":"What is the status of the SBSS score requirement for 7(a) Small Loans?","url":"https://dealroom.so/for-lenders/questions/what-is-the-status-of-the-sbss-score-requirement-for-7-a-small-loans"},{"question":"How does a lender verify the lawful permanent resident status of a non-citizen applicant?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-verify-the-lawful-permanent-resident-status-of-a-non-citizen-applicant"}]},"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 — Performing status","url":"https://dealroom.so/glossary/performing-status","source_type":"DealRoom Data"}}