{"ok":true,"canonical_url":"https://dealroom.so/glossary/disbursement-date","api_url":"https://dealroom.so/api/public/glossary/disbursement-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":"disbursement-date","term":"Disbursement Date","group":"Doing the deal","definition":"This is the date when the loan funds are officially released by the lender. It's often the same day as closing, but can vary depending on the deal structure and funding requirements.","what_it_means":"The disbursement date is when the funds from your SBA loan are paid out according to the 'Uses of Funds' specified in your SBA Loan Authorization. This typically includes paying the seller, funding working capital, and covering closing costs. Ensure all conditions precedent to funding are met by this date. Any delays can impact the closing timeline and potentially incur additional costs.","url":"https://dealroom.so/glossary/disbursement-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":"uses-of-funds","term":"Uses of Funds","url":"https://dealroom.so/glossary/uses-of-funds"},{"slug":"total-project-costs","term":"Total project costs","url":"https://dealroom.so/glossary/total-project-costs"},{"slug":"loan-agreement","term":"Loan agreement","url":"https://dealroom.so/glossary/loan-agreement"},{"slug":"escrow-holdback","term":"Escrow / holdback","url":"https://dealroom.so/glossary/escrow-holdback"}],"related_questions":[{"question":"After SBA 7(a) loan approval, what's the typical timeframe for closing and disbursement?","url":"https://dealroom.so/sba-7a/questions/after-sba-7-a-loan-approval-what-s-the-typical-timeframe-for-closing-and-disbursement"},{"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":"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":"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 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"}]},"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 — Disbursement Date","url":"https://dealroom.so/glossary/disbursement-date","source_type":"DealRoom Data"}}