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The mission of the Center is to efficiently process guaranty purchase requests and to provide assistance and oversight, as necessary, to lenders during loan liquidation.
The National Guaranty Purchase Center located in Herndon, Virginia , was created to centralize SBA’s 7(a) loan guaranty purchase function into a single national location.(The Fresno, California, and Little Rock, Arkansas, Commercial Loan Service Centers will continue to assist lenders on accounts that are not in a liquidation status. The Fresno and Little Rock centers also oversee SBAExpress liquidations and guaranty purchases).
This centralization provides increased standardization of the purchase process and a more reliable response time for lenders. The ultimate goal of the Center is to provide consistent, professional and timely service to SBA’s valued lending partners.
You, as an SBA lending partner, can help in the achievement of that goal by using a standard format for guaranty purchase packages. The standard format is explained in the "Preparing the Guaranty Purchase Package" in the Guaranty Purchase section. This uniformity allows the center to process your request much faster. Substantially incomplete and/or unorganized guaranty purchase packages will not be accepted for processing.
For detailed information about Electronic Purchase Package submission.