{"ok":true,"canonical_url":"https://dealroom.so/glossary/amended-sba-loan-authorization","api_url":"https://dealroom.so/api/public/glossary/amended-sba-loan-authorization","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"amended-sba-loan-authorization","term":"Amended SBA Loan Authorization","group":"People and paperwork","definition":"A revised version of the original SBA Loan Authorization, issued when there's a change to the loan's terms or conditions after initial approval.","what_it_means":"If anything significant changes after the initial SBA Loan Authorization is issued—like the purchase price, collateral, or a condition that cannot be met—your lender will request an amendment. This requires re-submission to the SBA and can add time to your closing timeline. Avoid last-minute changes to prevent delays.","url":"https://dealroom.so/glossary/amended-sba-loan-authorization","official_sources":[{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"},{"slug":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"}],"related":[{"slug":"sba-loan-authorization","term":"SBA Loan Authorization","url":"https://dealroom.so/glossary/sba-loan-authorization"},{"slug":"closing-condition","term":"Closing condition","url":"https://dealroom.so/glossary/closing-condition"}],"related_questions":[{"question":"When is an amended SBA loan authorization required after closing?","url":"https://dealroom.so/for-lenders/questions/when-is-an-amended-sba-loan-authorization-required-after-closing"},{"question":"What is the process for submitting an amended E-Tran request after initial authorization for a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/what-is-the-process-for-submitting-an-amended-e-tran-request-after-initial-authorization-f"},{"question":"What is an SBA *loan authorization* document, and why is it important?","url":"https://dealroom.so/sba-loans/basics/what-is-an-sba-loan-authorization-document-and-why-is-it-important"},{"question":"What is the average timeframe for a typical SBA 7(a) loan closing after authorization?","url":"https://dealroom.so/sba-7a/questions/what-is-the-average-timeframe-for-a-typical-sba-7-a-loan-closing-after-authorization"},{"question":"What is the process for a lender to obtain an SBA loan authorization for a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/what-is-the-process-for-a-lender-to-obtain-an-sba-loan-authorization-for-a-7-a-loan"},{"question":"How long is an SBA 7(a) loan authorization typically valid from the E-Tran approval date?","url":"https://dealroom.so/for-lenders/questions/how-long-is-an-sba-7-a-loan-authorization-typically-valid-from-the-e-tran-approval-date"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Amended SBA Loan Authorization","url":"https://dealroom.so/glossary/amended-sba-loan-authorization","source_type":"DealRoom Data"}}