13 CFR 120.377

§ 120.377 Use of proceeds.

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

Cite this

Citation: 13 CFR 120.377, § 120.377 Use of proceeds, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52091
Permanent ID: ys:prov:52091@1
SHA-256: a3cddb992ae0ef0c567dfd379ef267d3c1ed4f3d1acfaee3bb5db3c1e3faed2a

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Full text

The loan proceeds shall not be used for debt refinancing. Only a manufacturing concern may use loan proceeds for working capital.

Legislative history

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