Glossary · People and paperwork
In short
The SBA's official approval of your loan application, detailing the final terms and conditions. This is the green light from the SBA to your lender to fund your loan.
After your lender underwrites and approves your loan, they submit it to the SBA via E-Tran. The E-Tran authorization confirms the SBA's guaranty, outlining the loan amount, interest rate, term, and any specific conditions. Your lender will provide you with this document, and it's critical to review it carefully for accuracy.
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.
Know what you'll need before you apply
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