{"ok":true,"canonical_url":"https://dealroom.so/glossary/plp-status","api_url":"https://dealroom.so/api/public/glossary/plp-status","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-status","term":"PLP Status","aka":"Preferred Lender Program Status","group":"People and paperwork","definition":"A designation from the SBA that allows certain lenders to make loan decisions without prior SBA review. This speeds up the approval process significantly.","what_it_means":"Working with a PLP lender (Preferred Lender) can dramatically shorten your SBA loan closing timeline. These lenders have demonstrated expertise and a strong track record, giving them delegated authority to approve and disburse loans. Always ask if your potential lender has PLP status; it's a major advantage.","url":"https://dealroom.so/glossary/plp-status","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":"origination","term":"Origination","url":"https://dealroom.so/glossary/origination"},{"slug":"e-tran-submission","term":"E-Tran submission","url":"https://dealroom.so/glossary/e-tran-submission"}],"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 Status","url":"https://dealroom.so/glossary/plp-status","source_type":"DealRoom Data"}}