For SBA lenders
Short answer
A lender must submit a Universal Purchase Package (UPP) within 120 days of the date the loan is placed in liquidation status.
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.
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.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
Universal Purchase Package (UPP)
SOP 50 57 - 7(a) Loan Servicing and Liquidation
Request to Honor SBA 7(a) Loan Guaranty
Last checked 2026-06-13. Official sources control — verify before relying on any rule for a live deal.
Last reviewed 2026-06-13 · SBA sources checked through 2026-06-13. 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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