§ 120.320 - Policy.


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  • § 120.320 Policy.

    Section 7(a)(11) of the Act authorizes SBA to guarantee or make direct loans to establish, preserve or strengthen small business concerns:

    (a) Located in an area having high unemployment according to the Department of Labor;

    (b) Located in an area in which a high percentage of individuals have a low income inadequate to satisfy basic family needs; and

    (c) More than 50 percent owned by low income individuals.