{"ok":true,"canonical_url":"https://dealroom.so/glossary/loan-committee","api_url":"https://dealroom.so/api/public/glossary/loan-committee","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-committee","term":"Loan Committee","group":"People and paperwork","definition":"A group within a lending institution responsible for reviewing and approving or denying loan applications, especially larger or more complex ones like SBA 7(a) acquisitions.","what_it_means":"After your lender's underwriter compiles your loan package, it goes to the Loan Committee for final approval. This is where the deal gets a thorough review against the lender's Credit Policy and SBA's Eligibility Rules. Presenting a clear, well-supported case through your lender is vital for success in securing the financing.","url":"https://dealroom.so/glossary/loan-committee","official_sources":[],"related":[{"slug":"underwriting","term":"Underwriting","url":"https://dealroom.so/glossary/underwriting"},{"slug":"credit-policy","term":"Credit Policy","url":"https://dealroom.so/glossary/credit-policy"},{"slug":"eligibility-rule","term":"Eligibility Rule","url":"https://dealroom.so/glossary/eligibility-rule"},{"slug":"plp-lender","term":"PLP lender","url":"https://dealroom.so/glossary/plp-lender"}],"related_questions":[{"question":"What is the role of the lender's credit committee in the SBA 7(a) loan approval process?","url":"https://dealroom.so/for-lenders/questions/what-is-the-role-of-the-lender-s-credit-committee-in-the-sba-7-a-loan-approval-process"},{"question":"Does an SBA loan have better terms than a regular bank loan?","url":"https://dealroom.so/sba-loans/basics/does-an-sba-loan-have-better-terms-than-a-regular-bank-loan"},{"question":"What is the minimum loan amount for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-is-the-minimum-loan-amount-for-an-sba-7-a-loan"},{"question":"What is the maximum loan amount for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-is-the-maximum-loan-amount-for-an-sba-7-a-loan"},{"question":"Is there a typical average loan size for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/is-there-a-typical-average-loan-size-for-an-sba-7-a-loan"},{"question":"How is the maximum loan amount for an SBA 7(a) loan determined?","url":"https://dealroom.so/sba-loans/basics/how-is-the-maximum-loan-amount-for-an-sba-7-a-loan-determined"}]},"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 Committee","url":"https://dealroom.so/glossary/loan-committee","source_type":"DealRoom Data"}}