Glossary · The loan itself
In short
This is the date the SBA officially approves and authorizes your 7(a) loan. It marks a critical milestone, confirming the SBA's commitment to guarantee the specified loan amount.
The Authorization date is when the SBA issues the SBA Loan Authorization document, detailing all terms and conditions of the loan. This document is binding and dictates what the lender must do at closing. Verify all details, especially the use of proceeds and any specific conditions.
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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