CFR›Title 13›Chapter I›Part 120›Subpart H›Subject Group 504 Loans and Debentures›13 CFR 120.937 Citation13 CFR 120.937CorpusDaily eCFRDisplayed edition2026-09-10Last updated2026-09-10 § 120.937 Assumption.A 504 loan may be assumed with SBA's prior written approval. Previous 120.935 § 120.935 Deposit from the Borrower that a CDC may require. Next 120.938 § 120.938 Default.