Glossary · The loan itself
In short
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.
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.
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.
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