{"ok":true,"canonical_url":"https://dealroom.so/glossary/loan-authorization","api_url":"https://dealroom.so/api/public/glossary/loan-authorization","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-authorization","term":"Loan authorization","group":"The loan itself","definition":"The official document from the SBA to your lender, approving the loan and outlining all the specific terms, conditions, and requirements. Buyers care because it's the definitive legal document governing your SBA loan, detailing everything you must comply with.","what_it_means":"This document is issued after your loan receives SBA approval and before closing. It details the loan amount, interest rate, repayment terms, collateral requirements, and any specific conditions you or the business must meet. Review it carefully with your attorney to ensure all conditions are understood and can be met.","url":"https://dealroom.so/glossary/loan-authorization","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":"7a-loan","term":"7(a) loan","url":"https://dealroom.so/glossary/7a-loan"},{"slug":"underwriting","term":"Underwriting","url":"https://dealroom.so/glossary/underwriting"},{"slug":"commitment-letter","term":"Commitment Letter","url":"https://dealroom.so/glossary/commitment-letter"},{"slug":"loan-agreement","term":"Loan agreement","url":"https://dealroom.so/glossary/loan-agreement"}],"related_questions":[{"question":"When is an amended SBA loan authorization required after closing?","url":"https://dealroom.so/for-lenders/questions/when-is-an-amended-sba-loan-authorization-required-after-closing"},{"question":"What is an SBA *loan authorization* document, and why is it important?","url":"https://dealroom.so/sba-loans/basics/what-is-an-sba-loan-authorization-document-and-why-is-it-important"},{"question":"What is the average timeframe for a typical SBA 7(a) loan closing after authorization?","url":"https://dealroom.so/sba-7a/questions/what-is-the-average-timeframe-for-a-typical-sba-7-a-loan-closing-after-authorization"},{"question":"How does a lender cancel a 7(a) loan authorization in E-Tran before closing?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-cancel-a-7-a-loan-authorization-in-e-tran-before-closing"},{"question":"What specific data fields in E-Tran are critical for accurate 7(a) loan authorization generation?","url":"https://dealroom.so/for-lenders/questions/what-specific-data-fields-in-e-tran-are-critical-for-accurate-7-a-loan-authorization-gener"},{"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"}]},"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 authorization","url":"https://dealroom.so/glossary/loan-authorization","source_type":"DealRoom Data"}}