Glossary · Doing the deal
In short
An amendment is a formal change or addition to an existing document, such as a purchase agreement or loan authorization. It's used to modify terms agreed upon earlier without creating an entirely new document.
You'll likely encounter amendments during a business acquisition, especially if due diligence reveals issues requiring changes to the purchase agreement or if the SBA needs to modify your loan authorization. Ensure all amendments are formally documented and reviewed by your attorney.
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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