{"ok":true,"canonical_url":"https://dealroom.so/for-lenders/questions/what-is-the-required-timeframe-for-a-lender-to-submit-a-universal-purchase-package-upp-to-","api_url":"https://dealroom.so/api/public/questions/what-is-the-required-timeframe-for-a-lender-to-submit-a-universal-purchase-package-upp-to-","question":"What is the required timeframe for a lender to submit a Universal Purchase Package (UPP) to the SBA after a 7(a) loan default?","topic":"Guaranty Purchase / UPP","audience":"lender","bot_mode":"lender","short_answer":"A lender must submit a Universal Purchase Package (UPP) within 120 days of the date the loan is placed in liquidation status.","rule":"The SBA sets strict deadlines for lenders to request guaranty purchase. The UPP must be submitted within 120 days from the date the loan is formally placed into liquidation. Failure to meet this deadline can result in a repair or denial of the SBA guaranty.","example":"A 7(a) loan defaults, and the lender formally places it into liquidation on January 1st. The lender must ensure the complete Universal Purchase Package, including all required forms and documentation, is submitted to the SBA by May 1st of the same year.","what_lenders_check":"Meeting the 120-day UPP submission deadline is critical for preserving the SBA guaranty. Lenders must be proactive in preparing all necessary documentation once a loan moves to liquidation status to avoid timeline-related guaranty issues.","required_facts":["UPP submission","Liquidation status date","120-day deadline","Guaranty purchase","Guaranty repair/denial"],"source_families":["Universal Purchase Package (UPP)","SOP 50 57 - 7(a) Loan Servicing and Liquidation","Request to Honor SBA 7(a) Loan Guaranty","13 CFR Part 120 - Business Loans"],"official_sources":[{"title":"Universal Purchase Package (UPP)","url":"https://www.sba.gov/sites/default/files/2026-05/UPPv5.2.pdf"},{"title":"SOP 50 57 - 7(a) Loan Servicing and Liquidation","url":"https://www.sba.gov/sites/default/files/2025-09/FINAL%20SOP%205057%204%20version.pdf"},{"title":"Request to Honor SBA 7(a) Loan Guaranty","url":"https://www.sba.gov/sites/default/files/2026-01/Request%20to%20Honor%20SBA%207a%20Loan%20Guaranty.pdf"},{"title":"13 CFR Part 120 - Business Loans","url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120"}],"related_questions":[{"question":"How should a lender document eligible liquidation expenses within the UPP for a 7(a) guaranty purchase?","url":"https://dealroom.so/for-lenders/questions/how-should-a-lender-document-eligible-liquidation-expenses-within-the-upp-for-a-7-a-guaran"},{"question":"What critical information often missing from a Universal Purchase Package (UPP) leads to an SBA request for more information?","url":"https://dealroom.so/for-lenders/questions/what-critical-information-often-missing-from-a-universal-purchase-package-upp-leads-to-an-"},{"question":"How does a lender handle an SBA decision to repair a guaranty due to a minor documentation error during UPP review?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-handle-an-sba-decision-to-repair-a-guaranty-due-to-a-minor-documentation"},{"question":"What is the primary purpose of the Universal Purchase Package (UPP)?","url":"https://dealroom.so/for-lenders/questions/what-is-the-primary-purpose-of-the-universal-purchase-package-upp"},{"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":"How does a lender request an SBA guaranty purchase after loan default?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-request-an-sba-guaranty-purchase-after-loan-default"}],"related_terms":[{"term":"Universal Purchase Package","url":"https://dealroom.so/glossary/universal-purchase-package"},{"term":"Repair to the guaranty","url":"https://dealroom.so/glossary/repair-to-the-guaranty"},{"term":"Required guarantor","url":"https://dealroom.so/glossary/required-guarantor"},{"term":"Loan package","url":"https://dealroom.so/glossary/loan-package"},{"term":"Collateral Package","url":"https://dealroom.so/glossary/collateral-package"},{"term":"Lender's Application for Guaranty","url":"https://dealroom.so/glossary/lender-s-application-for-guaranty"}],"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-is-the-required-timeframe-for-a-lender-to-submit-a-universal-purchase-package-upp-to-","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."]}