{"ok":true,"canonical_url":"https://dealroom.so/glossary/approved-payment-plan","api_url":"https://dealroom.so/api/public/glossary/approved-payment-plan","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"approved-payment-plan","term":"Approved Payment Plan","group":"People and paperwork","definition":"A formal agreement with a taxing authority to pay delinquent taxes over time. This plan must be current and approved by the SBA to avoid disqualifying your loan.","what_it_means":"If the target business or you have outstanding tax delinquencies, an approved payment plan must be in place and current. The SBA will scrutinize this; you need to show consistent payments and good standing to demonstrate financial responsibility for loan approval.","url":"https://dealroom.so/glossary/approved-payment-plan","official_sources":[{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"}],"related":[{"slug":"tax-delinquencies","term":"Tax Delinquencies","url":"https://dealroom.so/glossary/tax-delinquencies"},{"slug":"tax-transcripts","term":"Tax Transcripts","url":"https://dealroom.so/glossary/tax-transcripts"},{"slug":"repayment-capacity","term":"Repayment capacity","url":"https://dealroom.so/glossary/repayment-capacity"},{"slug":"irs-transcripts","term":"IRS transcripts (4506-T)","url":"https://dealroom.so/glossary/irs-transcripts"}],"related_questions":[{"question":"What happens if a buyer for an SBA 7(a) loan has an active tax lien, even if on a payment plan?","url":"https://dealroom.so/sba-7a/questions/what-happens-if-a-buyer-for-an-sba-7-a-loan-has-an-active-tax-lien-even-if-on-a-payment-pl"},{"question":"What resources are available to help me find an SBA-approved lender?","url":"https://dealroom.so/sba-loans/basics/what-resources-are-available-to-help-me-find-an-sba-approved-lender"},{"question":"How quickly can I get approved for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/how-quickly-can-i-get-approved-for-an-sba-7-a-loan"},{"question":"Does the SBA charge me any ongoing fees after my loan is approved?","url":"https://dealroom.so/sba-loans/basics/does-the-sba-charge-me-any-ongoing-fees-after-my-loan-is-approved"},{"question":"What if my desired franchise is not on the SBA's approved directory?","url":"https://dealroom.so/sba-7a/questions/what-if-my-desired-franchise-is-not-on-the-sba-s-approved-directory"},{"question":"Is a comprehensive business plan mandatory for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/is-a-comprehensive-business-plan-mandatory-for-an-sba-7-a-loan"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Approved Payment Plan","url":"https://dealroom.so/glossary/approved-payment-plan","source_type":"DealRoom Data"}}