Glossary · People and paperwork
In short
This is a bank or financial institution authorized by the Small Business Administration to make loans under the 7(a) program. They underwrite, close, and service the loan, with the SBA providing a partial guarantee.
Not all banks offer SBA loans. You'll work directly with an SBA lender who understands the program's complexities. Look for a "Preferred Lender" (PLP lender) as they have delegated authority, meaning faster approvals. They are your primary point of contact throughout the loan 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.
Free · No documents · Usually same-day