Glossary · People and paperwork
In short
A Preferred Lender is a bank authorized by the SBA to make and approve 7(a) loans without prior SBA review, significantly speeding up the loan process.
Working with a Preferred Lender (PLP) streamlines your loan application. They have delegated authority from the SBA to underwrite and close loans, meaning less bureaucracy and faster decisions. These lenders are often the best choice for business acquisitions.
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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