Glossary · People and paperwork
SBA Authorization
In short
This is the official document from the SBA that approves your loan, outlining all the terms, conditions, and requirements. It's the blueprint for your 7(a) loan.
What it means in a deal
Your lender gets this after underwriting and SBA approval. Review it carefully with your attorney and lender, as it dictates everything from loan amount and interest rate to collateral requirements and closing conditions. Any deviations need to be addressed before 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 SBA Authorization
- When is an amended SBA loan authorization required after closing?
- What is an SBA *loan authorization* document, and why is it important?
- What is the average timeframe for a typical SBA 7(a) loan closing after authorization?
- How long is an SBA 7(a) loan authorization typically valid from the E-Tran approval date?
- Is an additional SBA guaranty fee charged when a 7(a) loan amount is increased post-authorization?
- When is an E-Tran modification specifically required for changes in collateral post-authorization?
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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