{"ok":true,"canonical_url":"https://dealroom.so/glossary/amendment-to-loan-authorization","api_url":"https://dealroom.so/api/public/glossary/amendment-to-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":"amendment-to-loan-authorization","term":"Amendment to Loan Authorization","group":"The loan itself","definition":"A formal modification to the original SBA Loan Authorization document, changing specific terms or conditions of your approved loan. This is required if any details change after initial approval.","what_it_means":"If any material terms of your deal change after the SBA Loan Authorization is issued (e.g., loan amount, use of proceeds, collateral), your lender must submit an Amendment to Loan Authorization to the SBA. This can delay closing, so try to finalize all details before the initial authorization.","url":"https://dealroom.so/glossary/amendment-to-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"}],"related":[{"slug":"sba-loan-authorization","term":"SBA Loan Authorization","url":"https://dealroom.so/glossary/sba-loan-authorization"},{"slug":"use-of-proceeds","term":"Use of proceeds","url":"https://dealroom.so/glossary/use-of-proceeds"},{"slug":"7a-loan","term":"7(a) loan","url":"https://dealroom.so/glossary/7a-loan"}],"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":"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":"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"},{"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 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"}]},"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 to Loan Authorization","url":"https://dealroom.so/glossary/amendment-to-loan-authorization","source_type":"DealRoom Data"}}