Glossary · Doing the deal
In short
An entity that buys and sells existing loan participations, often the guaranteed portion of SBA loans. Lenders sell portions of loans to these investors to free up capital for new lending.
After your SBA loan closes, your lender might sell the guaranteed portion of your loan to a secondary market investor. This is common practice and doesn't change your loan terms or repayment obligations. It's how lenders manage their balance sheets and continue offering more loans.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
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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