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§ 120.202 Loans for changes of ownership.

13 CFR 120.202

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  3. Title 13
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  5. Chapter I
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  7. Part 120
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  9. Subpart B
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  11. Subject Group Limitations on Use of Proceeds
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  13. 13 CFR 120.202
Citation13 CFR 120.202
CorpusDaily eCFR
Displayed edition2026-06-23
Last updated2026-06-23

§ 120.202 Loans for changes of ownership.

A Borrower may use 7(a) loan proceeds to purchase a portion of or the entirety of an owner's interest in a business, or a portion of or the entirety of a business itself.

[88 FR 21086, Apr. 10, 2023]