Glossary · The loan itself
Loan Authorization Amendment(Amended SBA Loan Authorization)
In short
A formal document that modifies the original SBA Loan Authorization. It's needed for any significant changes to the loan terms, conditions, or parties involved after initial approval.
What it means in a deal
If anything material changes after your SBA Loan Authorization is issued but before closing, like a change in purchase price, equity injection, or even a different closing date, an amendment is required. Your lender will work with the SBA to get this approved, which can sometimes delay closing.
Official sources
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.
Related terms
Common questions about Loan Authorization 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?
- 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?
- When is an amended SBA loan authorization required after closing?
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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