Glossary · People and paperwork
In short
This is the official document from the SBA that approves your loan, detailing all the terms, conditions, and requirements. It's your blueprint for closing the deal.
Issued after the SBA reviews your E-Tran submission, this authorization outlines the loan amount, interest rate, repayment terms, collateral, personal guarantees, and any specific conditions you or the seller must meet before closing. Scrutinize every detail, as it dictates the final structure of your SBA 7(a) loan.
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.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
Free · No documents · Usually same-day