Glossary · People and paperwork
In short
This refers to the specific dollar amount a lender is authorized to approve for SBA loans under their delegated authority without prior SBA review. It speeds up the approval process.
Lenders with Preferred Lender Program (PLP) status have delegated authority, meaning they can approve loans up to their Lender's Credit Authority without sending every application to the SBA for review. This significantly reduces closing times for your 7(a) loan. Work with a PLP lender for a faster process.
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.
Defined by DealRoom.so 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.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
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