Glossary · Doing the deal
In short
This is the SBA's formal approval of your loan application, committing to back a portion of the loan. It's crucial because without it, your 7(a) loan cannot close.
Once your lender has underwritten and approved your loan internally, they submit it to the SBA for their final review and guaranty approval. This is the last major hurdle before you can move to closing. Ensure all conditions in the approval are met promptly.
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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