{"ok":true,"canonical_url":"https://dealroom.so/glossary/repair-of-guaranty","api_url":"https://dealroom.so/api/public/glossary/repair-of-guaranty","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":"repair-of-guaranty","term":"Repair of Guaranty","group":"The loan itself","definition":"This is when the SBA reduces the percentage of its guaranty on a loan due to a lender's failure to follow program rules. It means the lender bears more risk on the loan.","what_it_means":"While primarily a lender concern, a Repair of Guaranty can arise if the lender made errors during origination or servicing that violated SBA rules. As a borrower, ensure your lender is compliant. If a Repair of Guaranty occurs, it signals the lender made a mistake, which could indirectly affect how they manage your loan.","url":"https://dealroom.so/glossary/repair-of-guaranty","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":"guaranty","term":"Guaranty","url":"https://dealroom.so/glossary/guaranty"},{"slug":"denial-of-guaranty","term":"Denial of Guaranty","url":"https://dealroom.so/glossary/denial-of-guaranty"},{"slug":"loan-default","term":"Loan default","url":"https://dealroom.so/glossary/loan-default"},{"slug":"servicing-deficiency","term":"Servicing deficiency","url":"https://dealroom.so/glossary/servicing-deficiency"}],"related_questions":[{"question":"What is the key impact of a 'repair' on an SBA guaranty purchase request?","url":"https://dealroom.so/for-lenders/questions/what-is-the-key-impact-of-a-repair-on-an-sba-guaranty-purchase-request"},{"question":"What specific lender errors typically result in a 'repair' of the 7(a) guaranty during liquidation?","url":"https://dealroom.so/for-lenders/questions/what-specific-lender-errors-typically-result-in-a-repair-of-the-7-a-guaranty-during-liquid"},{"question":"What specific lender actions or omissions can lead to a repair of the SBA guaranty, short of a full denial?","url":"https://dealroom.so/for-lenders/questions/what-specific-lender-actions-or-omissions-can-lead-to-a-repair-of-the-sba-guaranty-short-o"},{"question":"What is the key impact of a 'repair' on an SBA guaranty purchase request for a defaulted loan?","url":"https://dealroom.so/for-lenders/questions/what-is-the-key-impact-of-a-repair-on-an-sba-guaranty-purchase-request-for-a-defaulted-loa"},{"question":"What common lender errors typically result in a \"repair\" of the SBA 7(a) loan guaranty during liquidation?","url":"https://dealroom.so/for-lenders/questions/what-common-lender-errors-typically-result-in-a-repair-of-the-sba-7-a-loan-guaranty-during"},{"question":"What constitutes a \"repair\" to the SBA guaranty during a purchase request?","url":"https://dealroom.so/for-lenders/questions/what-constitutes-a-repair-to-the-sba-guaranty-during-a-purchase-request"}]},"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 — Repair of Guaranty","url":"https://dealroom.so/glossary/repair-of-guaranty","source_type":"DealRoom Data"}}