Glossary · Doing the deal
In short
The process a lender undertakes to recover money owed on a defaulted loan. This can involve demanding payment, repossessing collateral, or legal action.
If your SBA loan defaults, the lender will initiate Debt Collection efforts, which can include demanding payment from you as the borrower and any guarantors, seizing and selling pledged Collateral, and pursuing legal judgments. This is part of the lender's overall Liquidation process.
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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