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13 CFR 120.450

§ 120.450 What is the Preferred Lenders Program?

United States · 13 CFR — Business Credit and Assistance · Status: effective

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13 CFR 120.450, § 120.450 What is the Preferred Lenders Program?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52124
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Under the Preferred Lenders Program (PLP), designated Lenders process, close, service, and liquidate SBA guaranteed loans with reduced requirements for documentation to and prior approval by SBA.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.