Glossary · People and paperwork
Lender's Transcript of Account(SBA Form 1149)
In short
This is a detailed record provided by the lender to the SBA, showing the loan's payment history, outstanding balance, and any charges or credits. It's used to support a guaranty purchase request.
What it means in a deal
If your SBA 7(a) loan defaults and the lender requests the SBA to honor its guaranty, they submit the Lender's Transcript of Account. While primarily for the lender and SBA, understanding this form highlights the importance of accurate record-keeping for your loan payments. Any discrepancies could affect the guaranty process.
Official sources
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.
Related terms
Common questions about Lender's Transcript of Account
- What is the purpose of SBA Form 1149 (Lender's Transcript of Account) in a 7(a) guaranty purchase request?
- What is the primary purpose of the SBA Form 1149 (Lender's Transcript of Account) in the guaranty purchase process?
- How does SBA Form 1149 (Lender's Transcript of Account) specifically expedite the processing of a 7(a) guaranty purchase request?
- How does a lender verify the liquidity of an equity injection from a borrower's investment account?
- How does a lender verify the source and control of borrower's equity injection funds from a newly established business bank account?
- How does a lender verify equity injection funds from a borrower's investment account holding illiquid assets?
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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