Glossary · The loan itself
Authorization date
In short
This is the date the SBA officially approves and authorizes your 7(a) loan. It marks a critical milestone, confirming the SBA's commitment to guarantee the specified loan amount.
What it means in a deal
The Authorization date is when the SBA issues the SBA Loan Authorization document, detailing all terms and conditions of the loan. This document is binding and dictates what the lender must do at closing. Verify all details, especially the use of proceeds and any specific conditions.
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 Authorization date
- How long is an SBA 7(a) loan authorization typically valid from the E-Tran approval date?
- Does a personal guaranty extend to my personal assets acquired after the loan closing date?
- What happens if a buyer fails to complete their required equity injection by the closing date?
- What happens if a buyer fails to complete their required cash equity injection by the closing date?
- What happens if the seller's standby note is not properly subordinated or documented by the closing date?
- If I need to change the closing date for my acquisition, how does that affect the SBA loan approval?
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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