Glossary · Doing the deal
In short
A significant change to the terms or conditions of an SBA loan after it's been authorized or disbursed. These changes usually require SBA approval.
After your loan is authorized or closed, any substantial changes, like deferring payments or altering collateral, are considered a material modification. Your lender must seek SBA approval for these. Understand that such changes are not automatic and can impact your loan's standing.
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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