{"ok":true,"canonical_url":"https://dealroom.so/glossary/conditional-approval","api_url":"https://dealroom.so/api/public/glossary/conditional-approval","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":"conditional-approval","term":"Conditional approval","group":"Doing the deal","definition":"This means your SBA loan application is approved, but only if you meet specific outstanding conditions. As a buyer, your deal isn't final until all conditions are satisfied.","what_it_means":"A conditional approval from an SBA lender is a big step, but don't celebrate yet. You'll receive a commitment letter detailing items like additional documentation, third-party reports, or equity injection proof. Focus on clearing these conditions promptly to move to final closing.","url":"https://dealroom.so/glossary/conditional-approval","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"},{"slug":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"}],"related":[{"slug":"commitment-letter","term":"Commitment Letter","url":"https://dealroom.so/glossary/commitment-letter"},{"slug":"sba-loan-authorization","term":"SBA Loan Authorization","url":"https://dealroom.so/glossary/sba-loan-authorization"},{"slug":"underwriting","term":"Underwriting","url":"https://dealroom.so/glossary/underwriting"},{"slug":"due-diligence","term":"Due diligence","url":"https://dealroom.so/glossary/due-diligence"}],"related_questions":[{"question":"What is the typical timeframe from submitting a complete application to receiving a conditional SBA 7(a) approval?","url":"https://dealroom.so/sba-7a/questions/what-is-the-typical-timeframe-from-submitting-a-complete-application-to-receiving-a-condit"},{"question":"How long does it typically take for an SBA 7(a) loan application to go from conditional approval to full authorization?","url":"https://dealroom.so/sba-7a/questions/how-long-does-it-typically-take-for-an-sba-7-a-loan-application-to-go-from-conditional-app"},{"question":"Can I use a conditional grant from a local economic development agency as equity?","url":"https://dealroom.so/sba-7a/questions/can-i-use-a-conditional-grant-from-a-local-economic-development-agency-as-equity"},{"question":"Does the SBA 7(a) loan program have an 'Express' option for quicker approvals?","url":"https://dealroom.so/sba-loans/basics/does-the-sba-7-a-loan-program-have-an-express-option-for-quicker-approvals"},{"question":"What servicing actions require prior written SBA approval?","url":"https://dealroom.so/for-lenders/questions/what-servicing-actions-require-prior-written-sba-approval"},{"question":"Which criminal history issues commonly prevent SBA loan approval?","url":"https://dealroom.so/sba-7a/questions/which-criminal-history-issues-commonly-prevent-sba-loan-approval"}]},"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 — Conditional approval","url":"https://dealroom.so/glossary/conditional-approval","source_type":"DealRoom Data"}}