Glossary · People and paperwork
PLP Status(Preferred Lender Program Status)
In short
A designation from the SBA that allows certain lenders to make loan decisions without prior SBA review. This speeds up the approval process significantly.
What it means in a deal
Working with a PLP lender (Preferred Lender) can dramatically shorten your SBA loan closing timeline. These lenders have demonstrated expertise and a strong track record, giving them delegated authority to approve and disburse loans. Always ask if your potential lender has PLP status; it's a major advantage.
Official sources
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.
Related terms
Common questions about PLP Status
- What does 'Preferred Lender Program' (PLP) status mean for a bank?
- What is a 'Preferred Lender' (PLP) in the context of SBA 7(a) loans?
- What is a 'Preferred Lender' (PLP) for SBA 7(a) loans, and why is it important?
- What is a "Preferred Lender" (PLP) for SBA 7(a) loans, and why does it matter?
- What are the benefits of applying for an SBA 7(a) loan through a Preferred Lender (PLP)?
- How quickly can an SBA 7(a) loan be approved if my lender is a Preferred Lender Program (PLP) participant?
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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