Glossary · Doing the deal
Loan Amendment(Amended SBA Loan Authorization)
In short
A formal change or modification to the original terms and conditions of your loan agreement. It requires approval from both you and the lender, and sometimes the SBA.
What it means in a deal
After closing, if you need to change terms like the repayment schedule, collateral, or use of proceeds, you'll need a loan amendment. These are not automatic; you'll need to justify the change to your lender, who then often needs SBA approval.
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 Loan 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.
Line up financing while you're under LOI
Tell us the business, the price, and your timeline — we'll match you with lenders who close deals like yours and flag anything that stalls the process.
Free · No documents · Usually same-day
Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.