Glossary · People and paperwork
Authorization expiration date
In short
The deadline by which your SBA 7(a) loan must be fully disbursed to the seller. Missing this date can cause significant delays or even cancel the deal.
What it means in a deal
The E-Tran authorization includes an expiration date, typically 90 days from issuance, by which all loan funds must be disbursed. If you anticipate delays in closing due diligence or other aspects, communicate immediately with your lender to request an Amended SBA Loan Authorization.
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 expiration date
- How long is an SBA 7(a) loan authorization typically valid from the E-Tran approval date?
- What if the business I am acquiring needs to relocate immediately after the purchase due to lease expiration?
- 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?
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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