Glossary
General Processing
GP, or 'going to SBA'
Non-delegated processing, where the lender sends the file to SBA's loan processing centre for approval.
Why it matters to you
Adds weeks and sometimes months. Sometimes unavoidable — certain deal types can't be delegated — but if a non-PLP lender is competing with a PLP lender on the same deal, timing may matter more than a quarter point of rate.