{"ok":true,"canonical_url":"https://dealroom.so/glossary/loan-amendment","api_url":"https://dealroom.so/api/public/glossary/loan-amendment","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":"loan-amendment","term":"Loan Amendment","aka":"Amended SBA Loan Authorization","group":"Doing the deal","definition":"A formal change or modification to the original terms and conditions of your loan agreement. It requires approval from both you and the lender, and sometimes the SBA.","what_it_means":"After closing, if you need to change terms like the repayment schedule, collateral, or use of proceeds, you'll need a loan amendment. These are not automatic; you'll need to justify the change to your lender, who then often needs SBA approval.","url":"https://dealroom.so/glossary/loan-amendment","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":"loan-agreement","term":"Loan agreement","url":"https://dealroom.so/glossary/loan-agreement"},{"slug":"sba-loan-authorization","term":"SBA Loan Authorization","url":"https://dealroom.so/glossary/sba-loan-authorization"},{"slug":"servicing","term":"Servicing","url":"https://dealroom.so/glossary/servicing"},{"slug":"use-of-proceeds","term":"Use of proceeds","url":"https://dealroom.so/glossary/use-of-proceeds"}],"related_questions":[{"question":"How does a lender process a 7(a) loan authorization amendment in the E-Tran system?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-process-a-7-a-loan-authorization-amendment-in-the-e-tran-system"},{"question":"How does a lender process a 7(a) loan authorization amendment in the E-Tran system after initial approval?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-process-a-7-a-loan-authorization-amendment-in-the-e-tran-system-after-in"},{"question":"How does a lender handle a 7(a) loan authorization amendment request for an increase in project costs post-closing?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-handle-a-7-a-loan-authorization-amendment-request-for-an-increase-in-pro"},{"question":"What is the maximum number of times a lender can request an amendment to a 7(a) loan authorization via E-Tran?","url":"https://dealroom.so/for-lenders/questions/what-is-the-maximum-number-of-times-a-lender-can-request-an-amendment-to-a-7-a-loan-author"},{"question":"What is the correct procedure for a lender to request a material amendment to an already authorized 7(a) loan in E-Tran?","url":"https://dealroom.so/for-lenders/questions/what-is-the-correct-procedure-for-a-lender-to-request-a-material-amendment-to-an-already-a"},{"question":"Under what specific circumstances is a lender permitted to make minor modifications to the 7(a) loan authorization without requesting a formal amendment from SBA?","url":"https://dealroom.so/for-lenders/questions/under-what-specific-circumstances-is-a-lender-permitted-to-make-minor-modifications-to-the"}]},"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 — Loan Amendment","url":"https://dealroom.so/glossary/loan-amendment","source_type":"DealRoom Data"}}