Glossary · The loan itself
Claim
In short
When a borrower defaults on an SBA loan, the lender can "claim" a portion of the loss from the SBA. This is the SBA fulfilling its guaranty to the lender.
What it means in a deal
If you default and the lender can't recover their money through liquidation, they'll file a claim with the SBA. The SBA then pays the guaranteed percentage (usually 75%) to the lender. This doesn't relieve your personal guarantee obligations; the SBA will pursue you for the full amount.
Official sources
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
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.
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Common questions about Claim
Defined by CapBench 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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