13 C.F.R. § 120.201

Current through September 30, 2024
Section 120.201 - Refinancing unsecured or undersecured loans

A Borrower may not use 7(a) loan proceeds to pay any creditor in a position to sustain a loss causing a shift to SBA of all or part of a potential loss from an existing debt.

13 C.F.R. §120.201