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§ 120.450 What is the Preferred Lenders Program?

13 CFR 120.450

Citation13 CFR 120.450
CorpusDaily eCFR
Displayed edition2026-09-10
Last updated2026-09-10

§ 120.450 What is the Preferred Lenders Program?

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.