{"ok":true,"canonical_url":"https://dealroom.so/glossary/validity-period","api_url":"https://dealroom.so/api/public/glossary/validity-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":"validity-period","term":"Validity Period","group":"People and paperwork","definition":"The timeframe during which an offer, like a loan commitment or a seller's proposal, remains active and legally binding. Missing this deadline means the offer might expire, forcing renegotiation or cancellation.","what_it_means":"A lender's loan authorization or commitment letter will have a validity period, typically 90 days, by which the loan must close. If you can't close within that time, you'll need an Extension. Pay close attention to these dates for appraisals, environmental reports, and especially your LOI to the seller.","url":"https://dealroom.so/glossary/validity-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":"commitment-letter","term":"Commitment Letter","url":"https://dealroom.so/glossary/commitment-letter"},{"slug":"extension","term":"Extension","url":"https://dealroom.so/glossary/extension"},{"slug":"loi","term":"LOI","url":"https://dealroom.so/glossary/loi"},{"slug":"sba-loan-authorization","term":"SBA Loan Authorization","url":"https://dealroom.so/glossary/sba-loan-authorization"}],"related_questions":[{"question":"What are the requirements for a lender to obtain an extension of the 90-day E-Tran authorization validity period?","url":"https://dealroom.so/for-lenders/questions/what-are-the-requirements-for-a-lender-to-obtain-an-extension-of-the-90-day-e-tran-authori"},{"question":"What specific data points, beyond the loan amount, are most critical for matching the final executed loan documents to ensure guaranty validity?","url":"https://dealroom.so/for-lenders/questions/what-specific-data-points-beyond-the-loan-amount-are-most-critical-for-matching-the-final-"},{"question":"Can a lender approve a deferment period without prior SBA approval?","url":"https://dealroom.so/for-lenders/questions/can-a-lender-approve-a-deferment-period-without-prior-sba-approval"},{"question":"What is the typical repayment period for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-is-the-typical-repayment-period-for-an-sba-7-a-loan"},{"question":"Can a full standby seller note accrue interest during the standby period?","url":"https://dealroom.so/for-lenders/questions/can-a-full-standby-seller-note-accrue-interest-during-the-standby-period"},{"question":"What is the usual repayment period for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-is-the-usual-repayment-period-for-an-sba-7-a-loan"}]},"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 — Validity Period","url":"https://dealroom.so/glossary/validity-period","source_type":"DealRoom Data"}}