Glossary · People and paperwork
In short
Refers to a bank's authorization from the SBA to originate and service SBA-guaranteed loans. Banks can have different levels of approval, affecting how fast they can process your loan.
Lenders with Preferred Lender Program (PLP) status have delegated authority to make final credit decisions without prior SBA review, speeding up your closing. Non-delegated lenders must send applications to the SBA for approval, adding time to the process. Always ask your prospective lender about their status.
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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