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§ 120.341 Who is eligible?

13 CFR 120.341

Citation13 CFR 120.341
CorpusDaily eCFR
Displayed edition2026-09-08
Last updated2026-09-08

§ 120.341 Who is eligible?

In addition to the eligibility criteria applicable to all 7(a) loans, an applicant must be in business for one full year at the time of application, but not necessarily in the exporting business. SBA may waive this requirement if the applicant has sufficient export trade experience or other managerial experience.

Authority15 U.S.C. 634(b) (6), (b) (7), (b) (14), (h), and note, 636(a), (h) and (m), 650, 687(f), 696(3) and (7), and 697(a) and (e); sec. 521, Pub. L. 114-113, 129 Stat. 2242; sec. 328(a), Pub. L. 116-260, 134 Stat. 1182.
Source61 FR 3235, Jan. 31, 1996, unless otherwise noted.