{"ok":true,"canonical_url":"https://dealroom.so/glossary/authorized-loan-amount","api_url":"https://dealroom.so/api/public/glossary/authorized-loan-amount","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":"authorized-loan-amount","term":"Authorized Loan Amount","group":"The loan itself","definition":"This is the specific dollar amount approved by the SBA for your 7(a) loan, detailing exactly how much you can borrow. It's stated in the SBA Loan Authorization.","what_it_means":"The Authorized Loan Amount is the maximum principal amount the SBA guarantees. It's crucial because it dictates the total funds available for your acquisition and related costs. Any changes require an Amended SBA Loan Authorization, which can delay closing. Ensure the amount covers your total project costs.","url":"https://dealroom.so/glossary/authorized-loan-amount","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":"principal-amount","term":"Principal Amount","url":"https://dealroom.so/glossary/principal-amount"},{"slug":"total-project-costs","term":"Total project costs","url":"https://dealroom.so/glossary/total-project-costs"},{"slug":"sba-loan-authorization","term":"SBA Loan Authorization","url":"https://dealroom.so/glossary/sba-loan-authorization"},{"slug":"7a-loan","term":"7(a) loan","url":"https://dealroom.so/glossary/7a-loan"}],"related_questions":[{"question":"How does a lender request an increase to an authorized 7(a) loan amount after E-Tran approval?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-request-an-increase-to-an-authorized-7-a-loan-amount-after-e-tran-approv"},{"question":"How does a lender request an increase to an authorized 7(a) loan amount due to unforeseen project cost increases?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-request-an-increase-to-an-authorized-7-a-loan-amount-due-to-unforeseen-p"},{"question":"How does a lender resolve an E-Tran error where the authorized loan amount is incorrect after approval but before disbursement?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-resolve-an-e-tran-error-where-the-authorized-loan-amount-is-incorrect-af"},{"question":"What specific documentation is required to formally transition an authorized 7(a) loan from one permissible base rate to another?","url":"https://dealroom.so/for-lenders/questions/what-specific-documentation-is-required-to-formally-transition-an-authorized-7-a-loan-from"},{"question":"Can an SBA 7(a) loan be repaired if the lender failed to ensure the borrower properly used all loan proceeds as authorized?","url":"https://dealroom.so/for-lenders/questions/can-an-sba-7-a-loan-be-repaired-if-the-lender-failed-to-ensure-the-borrower-properly-used-"},{"question":"What steps must a lender take in E-Tran if a previously authorized 7(a) loan needs to be cancelled before closing?","url":"https://dealroom.so/for-lenders/questions/what-steps-must-a-lender-take-in-e-tran-if-a-previously-authorized-7-a-loan-needs-to-be-ca"}]},"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 — Authorized Loan Amount","url":"https://dealroom.so/glossary/authorized-loan-amount","source_type":"DealRoom Data"}}