If you want a full explanation of where the "loans" or even mortgages, investors go after they hit the system you can ask happy hor**** if he ever logs on again.That's where it gets complicated.

Banks are selling off the "guarantee" to meet capital liquidity requirements. There are sba pool assemblers, settlement thru a transfer agent.

This is where all the "money" gets complicated and you need "investors" to take the "loans" off your hands. This is also how CDOs work and mortgage-backed securities.