{"ok":true,"canonical_url":"https://dealroom.so/for-lenders/questions/what-are-the-sba-s-reporting-requirements-for-7-a-lenders-regarding-sales-of-guaranteed-lo","api_url":"https://dealroom.so/api/public/questions/what-are-the-sba-s-reporting-requirements-for-7-a-lenders-regarding-sales-of-guaranteed-lo","question":"What are the SBA's reporting requirements for 7(a) lenders regarding sales of guaranteed loan portions on the secondary market?","topic":"Secondary market","audience":"lender","bot_mode":"lender","short_answer":"Lenders must report all sales of the guaranteed portion of 7(a) loans to the SBA through the Fiscal Transfer Agent (FTA) system, providing details of the sale and purchaser within specified timeframes.","rule":"SBA requires strict reporting to maintain accurate records of loan ownership and servicing responsibility, especially for guaranteed portions sold on the secondary market. Lenders must register these transactions with the FTA, typically within 10 business days of the sale. This ensures the SBA, as guarantor, knows who holds the guaranteed portion and where to direct guaranty purchase payments in case of default.","example":"A lender sells the guaranteed portion of a $1,000,000 7(a) loan to a secondary market investor. Within 10 business days, the lender logs into the FTA system and submits all required details, including the loan number, investor ID, and the amount of the guaranteed portion sold.","what_lenders_check":"Timely and accurate reporting to the FTA is crucial. Failure to properly report secondary market sales can lead to administrative penalties, delays in guaranty purchase, or even a dispute over the validity of the guaranty claim if the SBA's records are not consistent.","required_facts":["Secondary market sale","Fiscal Transfer Agent (FTA)","Reporting timeframe","Loan details","Purchaser information"],"source_families":["SOP 50 56 - Lender Participation Requirements","13 CFR Part 120 - Business Loans"],"official_sources":[{"title":"SOP 50 56 - Lender Participation Requirements","url":"https://www.sba.gov/sites/default/files/2023-06/WF%20Attachment%20238243%20Final%20Closeout-%20SOP_50_56_6_07_2023_Final_.docx"},{"title":"13 CFR Part 120 - Business Loans","url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120"}],"related_questions":[{"question":"What are the specific reporting requirements for lenders after selling the guaranteed portion of a 7(a) loan on the secondary market?","url":"https://dealroom.so/for-lenders/questions/what-are-the-specific-reporting-requirements-for-lenders-after-selling-the-guaranteed-port"},{"question":"What specific ongoing reporting obligations does a 7(a) lender have to the SBA after securitizing and selling the guaranteed portion of a loan on the secondary market?","url":"https://dealroom.so/for-lenders/questions/what-specific-ongoing-reporting-obligations-does-a-7-a-lender-have-to-the-sba-after-securi"},{"question":"What are a lender's ongoing servicing obligations after selling the guaranteed portion of a 7(a) loan on the secondary market?","url":"https://dealroom.so/for-lenders/questions/what-are-a-lender-s-ongoing-servicing-obligations-after-selling-the-guaranteed-portion-of-"},{"question":"What are the requirements for assigning secondary market loans through SBA Form 1088?","url":"https://dealroom.so/for-lenders/questions/what-are-the-requirements-for-assigning-secondary-market-loans-through-sba-form-1088"},{"question":"What are the key requirements for a lender to sell the guaranteed portion of a 7(a) loan on the secondary market?","url":"https://dealroom.so/for-lenders/questions/what-are-the-key-requirements-for-a-lender-to-sell-the-guaranteed-portion-of-a-7-a-loan-on"},{"question":"What specific actions must a lender take if a secondary market investor defaults on purchasing the guaranteed portion of a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/what-specific-actions-must-a-lender-take-if-a-secondary-market-investor-defaults-on-purcha"}],"related_terms":[{"term":"SBA 7(a) loan","url":"https://dealroom.so/glossary/sba-7-a-loan"},{"term":"7(a) loan","url":"https://dealroom.so/glossary/7a-loan"},{"term":"SBA 7(a) Loan Program","url":"https://dealroom.so/glossary/sba-7-a-loan-program"},{"term":"SBA 7(a) loan guaranty","url":"https://dealroom.so/glossary/sba-7-a-loan-guaranty"},{"term":"SBA 7(a) program","url":"https://dealroom.so/glossary/sba-7-a-program"},{"term":"SBA-Guaranteed Loan","url":"https://dealroom.so/glossary/sba-guaranteed-loan"}],"related_tools":[{"name":"SBA 7(a) payment & fee calculator","url":"https://dealroom.so/sba-7a/calculator"},{"name":"Find an active SBA 7(a) lender","url":"https://dealroom.so/lenders"}],"data_freshness":{"last_reviewed":"2026-06-13","sba_rule_sources_checked_through":"2026-06-13"},"citation":{"label":"DealRoom.so SBA 7(a) Q&A","url":"https://dealroom.so/for-lenders/questions/what-are-the-sba-s-reporting-requirements-for-7-a-lenders-regarding-sales-of-guaranteed-lo","source_type":"DealRoom Q&A"},"caveats":["Grounded in the current SBA rulebook; verify against official sources before relying on it for a live deal.","Not legal, tax, or financial advice and not an approval decision."]}