For SBA lenders
Short answer
The UPP must include a detailed liquidation plan, evidence of all collection efforts, collateral valuations, disposition documents, and a comprehensive accounting of expenses and recoveries.
To support a guaranty purchase request, the lender must provide clear evidence of having acted as a prudent lender throughout the liquidation process. This includes copies of demand letters, notices of default, collateral appraisals, sale documents (e.g., bills of sale, auction results), and a detailed transcript of account showing all payments, expenses, and recoveries related to the loan.
A lender's UPP for a defaulted loan includes copies of five demand letters, an appraisal of the business's equipment, invoices for equipment removal and storage, a signed bill of sale for the equipment auction, and a detailed Form 1149 (Transcript of Account) outlining all financial transactions.
Universal Purchase Package (UPP)
Request to Honor SBA 7(a) Loan Guaranty
SBA Form 1149 - Lender's Transcript of Account
SOP 50 57 - 7(a) Loan Servicing and Liquidation
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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