13 CFR 120.361
§ 120.361 Other conditions of eligibility.
United States · 13 CFR — Business Credit and Assistance · Status: effective
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- Citation
- 13 CFR 120.361, § 120.361 Other conditions of eligibility, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52088
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Full text
(a) Management and daily operations of the business must be directed by one or more of the veteran owners whose veteran status was used to qualify for the loan.
(b) This direct loan program is available only if private sector financing and guaranteed loans are not available.
(c) A veteran may qualify only once for this program on a direct loan basis.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.