Glossary · Doing the deal
Amendment
In short
An amendment is a formal change or addition to an existing document, such as a purchase agreement or loan authorization. It's used to modify terms agreed upon earlier without creating an entirely new document.
What it means in a deal
You'll likely encounter amendments during a business acquisition, especially if due diligence reveals issues requiring changes to the purchase agreement or if the SBA needs to modify your loan authorization. Ensure all amendments are formally documented and reviewed by your attorney.
Official sources
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.
Related terms
Common questions about Amendment
- How does a lender process a 7(a) loan authorization amendment in the E-Tran system?
- How does a lender process a 7(a) loan authorization amendment in the E-Tran system after initial approval?
- How does a lender handle a 7(a) loan authorization amendment request for an increase in project costs post-closing?
- What is the maximum number of times a lender can request an amendment to a 7(a) loan authorization via E-Tran?
- What is the correct procedure for a lender to request a material amendment to an already authorized 7(a) loan in E-Tran?
- Under what specific circumstances is a lender permitted to make minor modifications to the 7(a) loan authorization without requesting a formal amendment from SBA?
Defined by CapBench 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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