Glossary · People and paperwork
In short
A bank authorized by the SBA to make final credit decisions on SBA loans without prior SBA review. This speeds up the loan approval process.
Working with a Preferred Lender, often called a PLP lender, significantly streamlines your SBA loan application. They have delegated authority from the SBA, meaning they can underwrite and approve loans internally, rather than waiting for the SBA to review each step. This can shave weeks off your closing timeline.
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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