13 CFR 107.502
§ 107.502 Representations to the public.
United States · 13 CFR — Business Credit and Assistance · Status: effective
Cite this
- Citation
- 13 CFR 107.502, § 107.502 Representations to the public, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51599
- Permanent ID
ys:prov:51599@1- SHA-256
e09662e23a1ffb1bc7a06b4e514b4d3c2b40a681190687f69b084c8f10d8d58e
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
You may not represent or imply to anyone that the SBA, the U.S. Government or any of its agencies or officers has approved any ownership interests you have issued or obligations you have incurred. Be certain to include a statement to this effect in any solicitation to investors. Example: You may not represent or imply that “SBA stands behind the Licensee” or that “Your capital is safe because SBA's experts review proposed investments to make sure they are safe for the Licensee.”
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.