{"ok":true,"canonical_url":"https://dealroom.so/glossary/material-change","api_url":"https://dealroom.so/api/public/glossary/material-change","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":"material-change","term":"Material Change","group":"Doing the deal","definition":"Any significant alteration to the terms, conditions, or facts of a loan transaction that could affect the SBA's risk or the lender's decision. This requires SBA approval.","what_it_means":"After your loan is authorized, any major change – like a shift in ownership, a decrease in purchase price, or new liabilities – is a material change. You must inform your lender immediately. Failing to disclose a material change could jeopardize your loan approval and SBA guaranty.","url":"https://dealroom.so/glossary/material-change","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-authorization-amendment","term":"Loan Authorization Amendment","url":"https://dealroom.so/glossary/loan-authorization-amendment"},{"slug":"sba-loan-authorization","term":"SBA Loan Authorization","url":"https://dealroom.so/glossary/sba-loan-authorization"},{"slug":"due-diligence","term":"Due diligence","url":"https://dealroom.so/glossary/due-diligence"},{"slug":"omission-of-material-facts","term":"Omission of material facts","url":"https://dealroom.so/glossary/omission-of-material-facts"}],"related_questions":[{"question":"Can a lender approve a material change to collateral without prior SBA approval?","url":"https://dealroom.so/for-lenders/questions/can-a-lender-approve-a-material-change-to-collateral-without-prior-sba-approval"},{"question":"What constitutes a 'material adverse change' that could affect my loan approval after application?","url":"https://dealroom.so/sba-7a/questions/what-constitutes-a-material-adverse-change-that-could-affect-my-loan-approval-after-applic"},{"question":"What constitutes a \"material change\" to a 7(a) loan that requires prior SBA approval during servicing?","url":"https://dealroom.so/for-lenders/questions/what-constitutes-a-material-change-to-a-7-a-loan-that-requires-prior-sba-approval-during-s"},{"question":"What defines a \"material change\" to collateral that requires prior SBA approval for a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/what-defines-a-material-change-to-collateral-that-requires-prior-sba-approval-for-a-7-a-lo"},{"question":"What constitutes a 'material change' to a 7(a) loan that always requires prior SBA approval during servicing?","url":"https://dealroom.so/for-lenders/questions/what-constitutes-a-material-change-to-a-7-a-loan-that-always-requires-prior-sba-approval-d"},{"question":"What constitutes a \"material change\" to a franchise agreement that necessitates re-review by the SBA for eligibility?","url":"https://dealroom.so/for-lenders/questions/what-constitutes-a-material-change-to-a-franchise-agreement-that-necessitates-re-review-by"}]},"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 — Material Change","url":"https://dealroom.so/glossary/material-change","source_type":"DealRoom Data"}}