{"ok":true,"canonical_url":"https://dealroom.so/for-lenders/questions/what-documentation-is-required-to-amend-a-7-a-loan-authorization-for-a-change-in-project-c","api_url":"https://dealroom.so/api/public/questions/what-documentation-is-required-to-amend-a-7-a-loan-authorization-for-a-change-in-project-c","question":"What documentation is required to amend a 7(a) loan authorization for a change in project costs?","topic":"E-Tran & Authorization","audience":"lender","bot_mode":"lender","short_answer":"To amend a 7(a) loan authorization for project cost changes, lenders must provide a revised project cost breakdown, justification for the changes, and updated pro forma financials if the changes are material.","rule":"Material changes to project costs post-authorization require an amendment to the SBA loan authorization. The lender must submit documentation that justifies the revised cost structure, such as new invoices, revised estimates, or an updated schedule of sources and uses. This ensures the loan remains compliant with SBA's use of proceeds rules.","example":"After authorization, a borrower discovers that construction costs for a renovation project are $50,000 higher than initially estimated. The lender would submit an amendment request with revised contractor bids, a new project cost breakdown, and a memo explaining the necessity of the increase.","what_lenders_check":"Lenders must ensure that any changes to authorized project costs are fully justified and documented, as significant deviations can affect the loan's eligibility or repayment ability. Unauthorized changes or insufficient documentation can result in a guaranty repair.","required_facts":["Revised project costs","Justification memo","Updated invoices","Pro forma financials","Amendment request"],"source_families":["SOP 50 10 - Lender and Development Company Loan Programs","Standard 7(a) Authorization File Library","13 CFR Part 120 - Business Loans"],"official_sources":[{"title":"SOP 50 10 - Lender and Development Company Loan Programs","url":"https://www.sba.gov/sites/default/files/2025-05/SOP%2050%2010%208%20Technical%20Updates%20effective%206.1.2025.docx"},{"title":"Standard 7(a) Authorization File Library","url":"https://www.sba.gov/document/support-standard-7a-authorization-file-library"},{"title":"13 CFR Part 120 - Business Loans","url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120"}],"related_questions":[{"question":"What are the consequences if the NAICS code entered into E-Tran differs from the primary business activity in the loan narrative?","url":"https://dealroom.so/for-lenders/questions/what-are-the-consequences-if-the-naics-code-entered-into-e-tran-differs-from-the-primary-b"},{"question":"How does a lender correct a material error in E-Tran after the 7(a) loan has received an SBA authorization?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-correct-a-material-error-in-e-tran-after-the-7-a-loan-has-received-an-sb"},{"question":"What specific data fields on SBA Form 1919 are critical for consistency with E-Tran for a 7(a) application?","url":"https://dealroom.so/for-lenders/questions/what-specific-data-fields-on-sba-form-1919-are-critical-for-consistency-with-e-tran-for-a-"},{"question":"When must a lender obtain an E-Tran modification for changes to a 7(a) loan's terms?","url":"https://dealroom.so/for-lenders/questions/when-must-a-lender-obtain-an-e-tran-modification-for-changes-to-a-7-a-loan-s-terms"},{"question":"What is the primary purpose of the E-Tran system for a 7(a) lender, beyond loan application submission?","url":"https://dealroom.so/for-lenders/questions/what-is-the-primary-purpose-of-the-e-tran-system-for-a-7-a-lender-beyond-loan-application-"},{"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"}],"related_terms":[{"term":"7(a) loan","url":"https://dealroom.so/glossary/7a-loan"},{"term":"Standard 7(a) loan","url":"https://dealroom.so/glossary/standard-7-a-loan"},{"term":"SBA 7(a) loan","url":"https://dealroom.so/glossary/sba-7-a-loan"},{"term":"7(a) Small Loan","url":"https://dealroom.so/glossary/7-a-small-loan"},{"term":"Amendment to Loan Authorization","url":"https://dealroom.so/glossary/amendment-to-loan-authorization"},{"term":"Change in ownership","url":"https://dealroom.so/glossary/change-in-ownership"}],"related_tools":[{"name":"SBA 7(a) payment & fee calculator","url":"https://dealroom.so/sba-7a/calculator"},{"name":"Find an active SBA 7(a) lender","url":"https://dealroom.so/lenders"}],"data_freshness":{"last_reviewed":"2026-06-13","sba_rule_sources_checked_through":"2026-06-13"},"citation":{"label":"DealRoom.so SBA 7(a) Q&A","url":"https://dealroom.so/for-lenders/questions/what-documentation-is-required-to-amend-a-7-a-loan-authorization-for-a-change-in-project-c","source_type":"DealRoom Q&A"},"caveats":["Grounded in the current SBA rulebook; verify against official sources before relying on it for a live deal.","Not legal, tax, or financial advice and not an approval decision."]}