Glossary · People and paperwork
Approved Payment Plan
In short
A formal agreement with a taxing authority to pay delinquent taxes over time. This plan must be current and approved by the SBA to avoid disqualifying your loan.
What it means in a deal
If the target business or you have outstanding tax delinquencies, an approved payment plan must be in place and current. The SBA will scrutinize this; you need to show consistent payments and good standing to demonstrate financial responsibility for loan approval.
Official sources
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.
Related terms
Common questions about Approved Payment Plan
- What happens if a buyer for an SBA 7(a) loan has an active tax lien, even if on a payment plan?
- What resources are available to help me find an SBA-approved lender?
- How quickly can I get approved for an SBA 7(a) loan?
- Does the SBA charge me any ongoing fees after my loan is approved?
- What if my desired franchise is not on the SBA's approved directory?
- Is a comprehensive business plan mandatory for an SBA 7(a) loan?
Defined by CapBench 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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