13 CFR 120.450 - What is the Preferred Lenders Program?

Code of Federal Regulations - Title 13: Business Credit and Assistance

Updated to: January 01, 2011

Linked as:

Text

Title 13: Business Credit and Assistance

CHAPTER I: SMALL BUSINESS ADMINISTRATION

PART 120: BUSINESS LOANS

Subpart D: Lenders

: Preferred Lenders Program (plp)

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.