{"ok":true,"canonical_url":"https://dealroom.so/glossary/authorization-expiration-date","api_url":"https://dealroom.so/api/public/glossary/authorization-expiration-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-expiration-date","term":"Authorization expiration date","group":"People and paperwork","definition":"The deadline by which your SBA 7(a) loan must be fully disbursed to the seller. Missing this date can cause significant delays or even cancel the deal.","what_it_means":"The E-Tran authorization includes an expiration date, typically 90 days from issuance, by which all loan funds must be disbursed. If you anticipate delays in closing due diligence or other aspects, communicate immediately with your lender to request an Amended SBA Loan Authorization.","url":"https://dealroom.so/glossary/authorization-expiration-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":"e-tran-authorization","term":"E-Tran authorization","url":"https://dealroom.so/glossary/e-tran-authorization"},{"slug":"amended-sba-loan-authorization","term":"Amended SBA Loan Authorization","url":"https://dealroom.so/glossary/amended-sba-loan-authorization"},{"slug":"due-diligence","term":"Due diligence","url":"https://dealroom.so/glossary/due-diligence"},{"slug":"loan-agreement","term":"Loan agreement","url":"https://dealroom.so/glossary/loan-agreement"}],"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":"What if the business I am acquiring needs to relocate immediately after the purchase due to lease expiration?","url":"https://dealroom.so/sba-7a/questions/what-if-the-business-i-am-acquiring-needs-to-relocate-immediately-after-the-purchase-due-t"},{"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"}]},"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 expiration date","url":"https://dealroom.so/glossary/authorization-expiration-date","source_type":"DealRoom Data"}}