{"ok":true,"canonical_url":"https://dealroom.so/for-lenders/questions/what-specific-lender-reporting-requirements-apply-to-the-sale-of-the-guaranteed-portion-on","api_url":"https://dealroom.so/api/public/questions/what-specific-lender-reporting-requirements-apply-to-the-sale-of-the-guaranteed-portion-on","question":"What specific lender reporting requirements apply to the sale of the guaranteed portion on the secondary market?","topic":"Secondary market","audience":"lender","bot_mode":"lender","short_answer":"Lenders must report the sale of the guaranteed portion to the SBA within ten business days using the specified SBA electronic reporting system, including buyer and sale price details.","rule":"When a lender sells the guaranteed portion of a 7(a) loan on the secondary market, they are required to notify the SBA promptly. This notification typically includes information about the purchaser, the sale price, and the sale date, allowing the SBA to update its records regarding the holder of the guaranty.","example":"A lender sells the guaranteed portion of a $1,000,000 7(a) loan to a third-party investor. Within ten business days of the sale, the lender accesses the SBA's E-Tran secondary market module and accurately inputs all required transaction details.","what_lenders_check":"Timely and accurate reporting is crucial for maintaining compliance with SBA regulations. Failure to report secondary market sales correctly can lead to administrative issues or affect the lender's ability to participate in the secondary market.","required_facts":["Secondary market","Guaranteed portion","Reporting requirements","E-Tran system","Sale details"],"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":"Guaranteed Portion","url":"https://dealroom.so/glossary/guaranteed-portion"},{"term":"Secondary Market Sale","url":"https://dealroom.so/glossary/secondary-market-sale"},{"term":"Call on the guaranty","url":"https://dealroom.so/glossary/call-on-the-guaranty"},{"term":"Bill of Sale","url":"https://dealroom.so/glossary/bill-of-sale"},{"term":"Repair to the guaranty","url":"https://dealroom.so/glossary/repair-to-the-guaranty"},{"term":"Claim on the SBA Guarantee","url":"https://dealroom.so/glossary/claim-on-the-sba-guarantee"}],"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-specific-lender-reporting-requirements-apply-to-the-sale-of-the-guaranteed-portion-on","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."]}