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13 CFR 120.202

§ 120.202 Loans for changes of ownership.

United States · 13 CFR — Business Credit and Assistance · Status: effective

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13 CFR 120.202, § 120.202 Loans for changes of ownership, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52049
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Full text

A Borrower may use 7(a) loan proceeds to purchase a portion of or the entirety of an owner's interest in a business, or a portion of or the entirety of a business itself.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.