Glossary · People and paperwork
In short
A designation from the SBA that allows certain lenders to make loan decisions without prior SBA review. This speeds up the approval process significantly.
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.
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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