{"ok":true,"canonical_url":"https://dealroom.so/glossary/unlimited-and-unconditional","api_url":"https://dealroom.so/api/public/glossary/unlimited-and-unconditional","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":"unlimited-and-unconditional","term":"Unlimited and Unconditional","group":"People and paperwork","definition":"This describes the nature of the personal guarantee required from all owners of 20% or more of the business. It means you are personally responsible for the full loan amount, no matter what.","what_it_means":"If you own 20% or more of the acquiring business, you'll sign an Unlimited and Unconditional Personal Guarantee. This means your personal assets are at risk if the business defaults on the loan. There are no limits to the amount you owe, nor conditions that would release you from this obligation.","url":"https://dealroom.so/glossary/unlimited-and-unconditional","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"},{"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"}],"related":[{"slug":"personal-guarantee","term":"Personal guarantee","url":"https://dealroom.so/glossary/personal-guarantee"},{"slug":"call-of-the-guaranty","term":"Call of the guaranty","url":"https://dealroom.so/glossary/call-of-the-guaranty"},{"slug":"recourse","term":"Recourse","url":"https://dealroom.so/glossary/recourse"},{"slug":"guaranty","term":"Guaranty","url":"https://dealroom.so/glossary/guaranty"}],"related_questions":[{"question":"Do all individuals with 20% or more ownership always provide an unlimited personal guaranty?","url":"https://dealroom.so/sba-7a/questions/do-all-individuals-with-20-or-more-ownership-always-provide-an-unlimited-personal-guaranty"},{"question":"How does an unlimited personal guaranty differ from a limited one for an SBA 7(a) loan?","url":"https://dealroom.so/sba-7a/questions/how-does-an-unlimited-personal-guaranty-differ-from-a-limited-one-for-an-sba-7-a-loan"},{"question":"What is the relationship between SBA Form 1919 and 1920, and which is currently required for 7(a) loan applications?","url":"https://dealroom.so/for-lenders/questions/what-is-the-relationship-between-sba-form-1919-and-1920-and-which-is-currently-required-fo"},{"question":"What is the ongoing annual service fee for a 7(a) loan, and how is it calculated and remitted by the lender?","url":"https://dealroom.so/for-lenders/questions/what-is-the-ongoing-annual-service-fee-for-a-7-a-loan-and-how-is-it-calculated-and-remitte"},{"question":"Which critical loan terms and borrower data must match precisely between the lender's system and E-Tran for 7(a) submissions?","url":"https://dealroom.so/for-lenders/questions/which-critical-loan-terms-and-borrower-data-must-match-precisely-between-the-lender-s-syst"},{"question":"What does 'SBA' stand for and what do they do?","url":"https://dealroom.so/sba-loans/basics/what-does-sba-stand-for-and-what-do-they-do"}]},"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 — Unlimited and Unconditional","url":"https://dealroom.so/glossary/unlimited-and-unconditional","source_type":"DealRoom Data"}}