Glossary · People and paperwork
In short
A revised version of the original SBA Loan Authorization, issued when there's a change to the loan's terms or conditions after initial approval.
If anything significant changes after the initial SBA Loan Authorization is issued—like the purchase price, collateral, or a condition that cannot be met—your lender will request an amendment. This requires re-submission to the SBA and can add time to your closing timeline. Avoid last-minute changes to prevent delays.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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