{"ok":true,"canonical_url":"https://dealroom.so/glossary/loan-underwriting-period","api_url":"https://dealroom.so/api/public/glossary/loan-underwriting-period","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-underwriting-period","term":"Loan Underwriting Period","group":"The loan itself","definition":"This is the timeframe during which your lender reviews all your submitted documents to decide if your loan application is approved.","what_it_means":"The Loan underwriting period starts after you've submitted your complete application and Proof of funds. During this time, the lender performs Credit analysis and Due diligence on the business. Be prepared to respond quickly to requests for additional Material information.","url":"https://dealroom.so/glossary/loan-underwriting-period","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":"underwriting","term":"Underwriting","url":"https://dealroom.so/glossary/underwriting"},{"slug":"due-diligence","term":"Due diligence","url":"https://dealroom.so/glossary/due-diligence"},{"slug":"credit-analysis","term":"Credit analysis","url":"https://dealroom.so/glossary/credit-analysis"},{"slug":"material-information","term":"Material information","url":"https://dealroom.so/glossary/material-information"}],"related_questions":[{"question":"What happens if the acquired business declines significantly during the loan underwriting period?","url":"https://dealroom.so/sba-7a/questions/what-happens-if-the-acquired-business-declines-significantly-during-the-loan-underwriting-"},{"question":"How does the underwriting timeline for business life insurance impact loan closing schedules?","url":"https://dealroom.so/sba-7a/questions/how-does-the-underwriting-timeline-for-business-life-insurance-impact-loan-closing-schedul"},{"question":"What is the underwriting timeline for business life insurance relative to loan closing?","url":"https://dealroom.so/sba-7a/questions/what-is-the-underwriting-timeline-for-business-life-insurance-relative-to-loan-closing"},{"question":"How does the SBA assess \"prudent lending standards\" in 7(a) loan underwriting?","url":"https://dealroom.so/for-lenders/questions/how-does-the-sba-assess-prudent-lending-standards-in-7-a-loan-underwriting"},{"question":"What constitutes prudent lending standards for SBA 7(a) underwriting?","url":"https://dealroom.so/for-lenders/questions/what-constitutes-prudent-lending-standards-for-sba-7-a-underwriting"},{"question":"What common underwriting errors typically lead to an SBA 7(a) loan guaranty repair?","url":"https://dealroom.so/for-lenders/questions/what-common-underwriting-errors-typically-lead-to-an-sba-7-a-loan-guaranty-repair"}]},"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 Underwriting Period","url":"https://dealroom.so/glossary/loan-underwriting-period","source_type":"DealRoom Data"}}