Glossary · Doing the deal
In short
Any significant alteration to the terms, conditions, or facts of a loan transaction that could affect the SBA's risk or the lender's decision. This requires SBA approval.
After your loan is authorized, any major change – like a shift in ownership, a decrease in purchase price, or new liabilities – is a material change. You must inform your lender immediately. Failing to disclose a material change could jeopardize your loan approval and SBA guaranty.
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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