Building Business Credit for Small Business
In the previous post we covered Part 1 of SBA Banks with Preferred 
Lender Status which was created to make the entire loan approval process much faster for small businesses.
Under this program, the SBA streamlines the procedures for SBA banks by giving them the authority to make the final credit decision.
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Did you know the SBA has a Preferred Lenders Program (PLP) that was created to make the entire loan approval process much faster for small businesses? 
Under this program, the SBA streamlines the procedures for SBA banks by giving them the authority to make the final credit decision. While the Small Business Administration does not loan money directly, when you apply for an SBA-backed loan, you are basically asking the SBA to provide a guarantee that you will repay.
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