Glossary · People and paperwork
Servicer of record
In short
The entity, typically the originating bank or a third-party company, that is responsible for managing the day-to-day administration of your loan after it closes.
What it means in a deal
The servicer of record handles your loan payments, escrow accounts, and communication regarding your loan terms. Even if your loan is sold on the secondary market, you'll still deal with the servicer of record. Know who this is and how to contact them for any post-closing loan inquiries.
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 Servicer of record
- What if I have a prior felony conviction on my record?
- Can a past criminal record impact my eligibility for an SBA 7(a) loan?
- Does having a criminal record automatically disqualify me from an SBA 7(a) loan?
- Does having a past criminal record prevent me from getting an SBA 7(a) loan?
- Does having a past criminal record automatically disqualify me for an SBA 7(a) loan?
- Will having a past criminal record prevent me from getting an SBA 7(a) loan?
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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