{"ok":true,"canonical_url":"https://dealroom.so/glossary/plp","api_url":"https://dealroom.so/api/public/glossary/plp","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":"plp","term":"PLP","aka":"Preferred Lender Program","group":"The loan itself","definition":"PLP lenders have delegated authority from the SBA to approve loans without prior SBA review, significantly speeding up the approval process. This is a major advantage for buyers.","what_it_means":"Working with a PLP lender means a faster closing timeline for your SBA 7(a) loan, as they can make credit decisions internally. This is crucial in competitive deals where speed can be a differentiator. Always prioritize a PLP lender for efficiency.","url":"https://dealroom.so/glossary/plp","official_sources":[{"slug":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"},{"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":"preferred-lender","term":"Preferred Lender","url":"https://dealroom.so/glossary/preferred-lender"},{"slug":"delegated-authority","term":"Delegated authority","url":"https://dealroom.so/glossary/delegated-authority"},{"slug":"sba-7-a-program","term":"SBA 7(a) program","url":"https://dealroom.so/glossary/sba-7-a-program"},{"slug":"sop-50-10","term":"SOP 50 10","url":"https://dealroom.so/glossary/sop-50-10"}],"related_questions":[{"question":"What does 'Preferred Lender Program' (PLP) status mean for a bank?","url":"https://dealroom.so/sba-loans/basics/what-does-preferred-lender-program-plp-status-mean-for-a-bank"},{"question":"What is a 'Preferred Lender' (PLP) in the context of SBA 7(a) loans?","url":"https://dealroom.so/sba-loans/basics/what-is-a-preferred-lender-plp-in-the-context-of-sba-7-a-loans"},{"question":"What is a 'Preferred Lender' (PLP) for SBA 7(a) loans, and why is it important?","url":"https://dealroom.so/sba-loans/basics/what-is-a-preferred-lender-plp-for-sba-7-a-loans-and-why-is-it-important"},{"question":"What is a \"Preferred Lender\" (PLP) for SBA 7(a) loans, and why does it matter?","url":"https://dealroom.so/sba-loans/basics/what-is-a-preferred-lender-plp-for-sba-7-a-loans-and-why-does-it-matter"},{"question":"What are the benefits of applying for an SBA 7(a) loan through a Preferred Lender (PLP)?","url":"https://dealroom.so/sba-loans/basics/what-are-the-benefits-of-applying-for-an-sba-7-a-loan-through-a-preferred-lender-plp"},{"question":"How quickly can an SBA 7(a) loan be approved if my lender is a Preferred Lender Program (PLP) participant?","url":"https://dealroom.so/sba-7a/questions/how-quickly-can-an-sba-7-a-loan-be-approved-if-my-lender-is-a-preferred-lender-program-plp"}]},"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 — PLP","url":"https://dealroom.so/glossary/plp","source_type":"DealRoom Data"}}