SBA Issues New SBA 7(a) UPP Effective May 1
June 3, 2025
Bob Coleman
Founder & Publisher
SBA Hot Topic Tuesday — SBA Issues New SBA 7(a) UPP Effective May 1
This Universal Purchase Package was designed to help with the assembly of a guaranty purchase request package for all 7(a) loan types. Please read and follow the instructions provided on each tab. Complying with the requirements—in addition to clearly labeling and presenting each document in the order outlined—will ensure an expeditious review of this package. Please download the form, then open it using the latest desktop version of Adobe to achieve the best results.
Although we seek to arrive at a favorable determination, it must be noted that under 13 CFR 120.520(b), SBA is not obligated to purchase the guaranteed portion of a loan unless a lender has submitted to SBA documentation that SBA deems sufficient to determine whether purchase of the guaranty is warranted. Additionally, under 13 CFR 120.520(c), a lender’s failure to provide sufficient post-purchase documentation may lead to an initiation of an action for recovery from the lender for moneys paid by SBA to a registered holder on a guaranty.
For these reasons, SBA has the right to request additional documentation beyond the items listed on this index, and the lender must comply with SBA’s request.