Glossary · Doing the deal
In short
A significant change to the loan terms or conditions after closing, requiring specific SBA approval. Examples include deferments, changes in collateral, or modifications to the guaranty.
If you need to modify your loan post-closing, like requesting a payment deferral or changing collateral, your lender must get SBA approval for any 'material servicing action.' This process adds time and complexity to any proposed change, so try to anticipate needs upfront and plan carefully.
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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