{"ok":true,"canonical_url":"https://dealroom.so/glossary/amendment","api_url":"https://dealroom.so/api/public/glossary/amendment","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":"amendment","term":"Amendment","group":"Doing the deal","definition":"An amendment is a formal change or addition to an existing document, such as a purchase agreement or loan authorization. It's used to modify terms agreed upon earlier without creating an entirely new document.","what_it_means":"You'll likely encounter amendments during a business acquisition, especially if due diligence reveals issues requiring changes to the purchase agreement or if the SBA needs to modify your loan authorization. Ensure all amendments are formally documented and reviewed by your attorney.","url":"https://dealroom.so/glossary/amendment","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"}],"related":[{"slug":"loan-agreement","term":"Loan agreement","url":"https://dealroom.so/glossary/loan-agreement"},{"slug":"due-diligence","term":"Due diligence","url":"https://dealroom.so/glossary/due-diligence"},{"slug":"sba-loan-authorization","term":"SBA Loan Authorization","url":"https://dealroom.so/glossary/sba-loan-authorization"},{"slug":"amended-sba-loan-authorization","term":"Amended SBA Loan Authorization","url":"https://dealroom.so/glossary/amended-sba-loan-authorization"}],"related_questions":[{"question":"How does a lender process a 7(a) loan authorization amendment in the E-Tran system?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-process-a-7-a-loan-authorization-amendment-in-the-e-tran-system"},{"question":"How does a lender process a 7(a) loan authorization amendment in the E-Tran system after initial approval?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-process-a-7-a-loan-authorization-amendment-in-the-e-tran-system-after-in"},{"question":"How does a lender handle a 7(a) loan authorization amendment request for an increase in project costs post-closing?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-handle-a-7-a-loan-authorization-amendment-request-for-an-increase-in-pro"},{"question":"What is the maximum number of times a lender can request an amendment to a 7(a) loan authorization via E-Tran?","url":"https://dealroom.so/for-lenders/questions/what-is-the-maximum-number-of-times-a-lender-can-request-an-amendment-to-a-7-a-loan-author"},{"question":"What is the correct procedure for a lender to request a material amendment to an already authorized 7(a) loan in E-Tran?","url":"https://dealroom.so/for-lenders/questions/what-is-the-correct-procedure-for-a-lender-to-request-a-material-amendment-to-an-already-a"},{"question":"Under what specific circumstances is a lender permitted to make minor modifications to the 7(a) loan authorization without requesting a formal amendment from SBA?","url":"https://dealroom.so/for-lenders/questions/under-what-specific-circumstances-is-a-lender-permitted-to-make-minor-modifications-to-the"}]},"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 — Amendment","url":"https://dealroom.so/glossary/amendment","source_type":"DealRoom Data"}}