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§ 120.708 What is the Intermediary's financial contribution?

13 CFR 120.708

Citation13 CFR 120.708
CorpusDaily eCFR
Displayed edition2026-09-10
Last updated2026-09-10

§ 120.708 What is the Intermediary's financial contribution?

The Intermediary must contribute from non-Federal sources an amount equal to 15 percent of any loan that it receives from SBA. The contribution may not be borrowed. For purposes of this program, Community Development Block Grants are considered non-Federal sources.