For SBA lenders
Short answer
The lender must provide specific documents including a copy of the SBA Loan Guaranty, the Note, the Loan Authorization, an executed Assignment of Guaranty, and a completed Form 1086, among others, to the Fiscal Transfer Agent (FTA).
To sell the guaranteed portion of a 7(a) loan, lenders must submit a complete package of documents to the FTA. These documents verify the loan's terms, the SBA's guaranty, and the proper assignment of that guaranty to the purchaser, facilitating the secondary market transaction.
A lender decides to sell the guaranteed portion of a $1.2M 7(a) loan. The lender compiles the original SBA Form 750 (Loan Guaranty), the promissory note, the SBA Loan Authorization, a signed SBA Form 1086 (Assignment of Guaranty), and other supporting documents, then submits this package to the FTA for processing the sale.
Insider move
Lenders must ensure all required documentation is accurate and complete to facilitate a smooth sale on the secondary market. Errors or omissions can delay the sale, incur additional costs, or even prevent the sale if not rectified promptly.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SOP 50 56 - Lender Participation Requirements
Last checked 2026-06-14. Official sources control — verify before relying on any rule for a live deal.
Last reviewed 2026-06-14 · SBA sources checked through 2026-06-14. DealRoom analysis of public SBA 7(a) lending records (FY2020–present). Grounded in the current SBA rulebook; verify against the official sources above before relying on it for a live deal. Not legal, tax, or financial advice, and not an approval decision.
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