{"ok":true,"canonical_url":"https://dealroom.so/glossary/authorization-date","api_url":"https://dealroom.so/api/public/glossary/authorization-date","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":"authorization-date","term":"Authorization date","group":"The loan itself","definition":"This is the date the SBA officially approves and authorizes your 7(a) loan. It marks a critical milestone, confirming the SBA's commitment to guarantee the specified loan amount.","what_it_means":"The Authorization date is when the SBA issues the SBA Loan Authorization document, detailing all terms and conditions of the loan. This document is binding and dictates what the lender must do at closing. Verify all details, especially the use of proceeds and any specific conditions.","url":"https://dealroom.so/glossary/authorization-date","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":"sba-7-a-loan","term":"SBA 7(a) loan","url":"https://dealroom.so/glossary/sba-7-a-loan"},{"slug":"use-of-proceeds","term":"Use of proceeds","url":"https://dealroom.so/glossary/use-of-proceeds"},{"slug":"loan-origination","term":"Loan origination","url":"https://dealroom.so/glossary/loan-origination"}],"related_questions":[{"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"},{"question":"Does a personal guaranty extend to my personal assets acquired after the loan closing date?","url":"https://dealroom.so/sba-7a/questions/does-a-personal-guaranty-extend-to-my-personal-assets-acquired-after-the-loan-closing-date"},{"question":"What happens if a buyer fails to complete their required equity injection by the closing date?","url":"https://dealroom.so/sba-7a/questions/what-happens-if-a-buyer-fails-to-complete-their-required-equity-injection-by-the-closing-d"},{"question":"What happens if a buyer fails to complete their required cash equity injection by the closing date?","url":"https://dealroom.so/sba-7a/questions/what-happens-if-a-buyer-fails-to-complete-their-required-cash-equity-injection-by-the-clos"},{"question":"What happens if the seller's standby note is not properly subordinated or documented by the closing date?","url":"https://dealroom.so/sba-7a/questions/what-happens-if-the-seller-s-standby-note-is-not-properly-subordinated-or-documented-by-th"},{"question":"If I need to change the closing date for my acquisition, how does that affect the SBA loan approval?","url":"https://dealroom.so/sba-7a/questions/if-i-need-to-change-the-closing-date-for-my-acquisition-how-does-that-affect-the-sba-loan-"}]},"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 — Authorization date","url":"https://dealroom.so/glossary/authorization-date","source_type":"DealRoom Data"}}