Glossary · The loan itself
In short
This is when a lender re-evaluates your loan application, typically due to significant changes in your financial situation or the deal terms. It means the loan approval isn't final until all conditions are met.
After initial approval, if you change deal terms, encounter new financial issues, or extend closing, the lender might re-underwrite the loan. This can delay closing or even lead to a loan denial. Be transparent and prompt with updates to your lender.
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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