Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 13 - Business Credit and Assistance |
Chapter I - Small Business Administration |
Part 120 - Business Loans |
Subpart B - Policies Specific to 7(a) Loans |
Bonding Requirements |
§ 120.200 - What bonding requirements exist during construction?
Latest version.
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§ 120.200 What bonding requirements exist during construction?
On 7(a) loans which finance construction, the Borrower must supply a 100 percent payment and performance bond and builder's risk insurance, unless waived by SBA.