Glossary · The loan itself
In short
A formal document that modifies the original SBA Loan Authorization. It's needed for any significant changes to the loan terms, conditions, or parties involved after initial approval.
If anything material changes after your SBA Loan Authorization is issued but before closing, like a change in purchase price, equity injection, or even a different closing date, an amendment is required. Your lender will work with the SBA to get this approved, which can sometimes delay closing.
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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