13 CFR 120.314

§ 120.314 Resolving doubts about creditworthiness.

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

Cite this

Citation: 13 CFR 120.314, § 120.314 Resolving doubts about creditworthiness, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52065
Permanent ID: ys:prov:52065@1
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Full text

For the purpose of the DAL Program, SBA shall resolve doubts concerning the creditworthiness of an applicant in favor of the applicant. However, the applicant must present satisfactory evidence of repayment ability. Personal guarantees of Associates are not required for purposes of DAL-1 financial assistance.

Legislative history

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