U.S. Small Business Massachusetts District Director Robert H. Nelson will present James W. Blake, president and CEO of HarborOne Credit Union, with the organization’s official SBA preferred lenders status designation.

Under the Preferred Lenders Program (PLP), high-volume SBA lenders such as HarborOne Credit Union are delegated loan approval, closing and most servicing and liquidation authority, enabling them to process loans faster.

The SBA generally approves PLP loans submitted to them by participating lenders in less than 36 hours. To earn the PLP designation, lenders must establish a successful track record and display a thorough understanding of SBA lending policies and procedures, according to a statement.

Nelson will present the award to Blake Wednesday at 2 p.m. at HarborOne Credit Union’s Brockton office on Oak Street.