Glossary · Doing the deal
In short
A material alteration is a significant change to the terms or conditions of a loan or the structure of the business after the loan has been approved. Such changes often require lender and SBA approval.
If, after receiving your SBA Loan Authorization, you need to significantly change the purchase price, deal structure, or how the loan proceeds are used, this is a material alteration. You must notify your lender immediately, as it may require a new underwriting review or even re-approval by the SBA. Don't make assumptions.
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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