§ 120.202 - Loans for changes of ownership.

Latest version.

§ 120.202 Restrictions on loans Loans for changes in of ownership.
Cross Reference
Link to an amendment published at 88 FR 21086, Apr. 10, 2023.
A Borrower may not use 7(a) loan proceeds to purchase a portion of a business or a portion the entirety of another an owner's interest . One or more current owners may use loan proceeds to purchase the entire interest of another current owner, or a Borrower can purchase ownership of an entire business. in a business, or a portion of or the entirety of a business itself.
[88 FR 21086, Apr. 10, 2023]

                    
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§ 120.202 - Loans for changes of ownership.

§ 120.202 Restrictions on loans Loans for changes in of ownership.

Cross Reference