# Can your lender sell your SBA loan?

**Short answer:** Yes. A lender can sell the guaranteed portion of a fully disbursed 7(a) loan on SBA's secondary market. It must keep servicing the loan. Sources: 13 CFR 120.601, 120.613 and 120.520(c); SOP 50 10 8.1, Sec. B, Ch. 6, Para. D.1.

Canonical page: https://www.sbaexpress.loans/answers/can-your-lender-sell-your-sba-loan/
Last checked: 2026-11-09

Yes. SBA's secondary market lets a lender sell some or all of the guaranteed portion of a 7(a) loan (13 CFR 120.601).

## What has to be true first

- The full loan amount must be disbursed, apart from export working capital loans (13 CFR 120.613).
- All guarantee fees must be paid (13 CFR 120.613).
- The loan must be current when sold (13 CFR 120.612).
- You must have access to all the loan proceeds (SOP 50 10 8.1, Sec. B, Ch. 6, Para. D.1).
- All required business licenses must be obtained (Para. D.6).

## Who you deal with afterward

The lender must keep performing servicing and liquidation, even if SBA later buys the guaranteed portion from the investor (13 CFR 120.520(c)).

## Selling to another lender

A lender may sell all of its interest to another participating lender with SBA's prior written consent. The buying lender then holds the note and services the loan (13 CFR 120.432(a)). A lender may not sell any of its interest to a nonparticipating lender.

## How this can affect you

- A sale can affect later changes to your loan. SBA says loan actions are conditioned by whether the guaranteed portion was sold (sba.gov/sba-lenders, read November 8, 2026).
- If your note has SBA's prepayment language, prepaying more than 20% of a sold loan requires written notice to the lender (Sec. B, Ch. 6, Para. D.2).
- The rules cited here do not require your consent to a sale.

## Sources

- [13 CFR § 120.601](https://www.ecfr.gov/current/title-13/section-120.601)
- [13 CFR § 120.612](https://www.ecfr.gov/current/title-13/section-120.612)
- [13 CFR § 120.613](https://www.ecfr.gov/current/title-13/section-120.613)
- [13 CFR § 120.432](https://www.ecfr.gov/current/title-13/section-120.432)
- [13 CFR § 120.520](https://www.ecfr.gov/current/title-13/section-120.520)
- [SOP 50 10 8.1, Sec. B, Ch. 6, Paras. D.1, D.2 and D.6 (Para. D begins p. 207)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SBA, Terms, conditions and eligibility for 7(a) lenders, sba.gov/sba-lenders (read November 8, 2026)](https://www.sba.gov/sba-lenders)