13 CFR 120.391
§ 120.391 What is the Builders Loan Program?
United States · 13 CFR — Business Credit and Assistance · Status: effective
Cite this
- Citation
- 13 CFR 120.391, § 120.391 What is the Builders Loan Program?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52093
- Permanent ID
ys:prov:52093@1- SHA-256
19fc6f8e6d7f007d9002f57c81f9561abb95e873ddc1f90ec007703426b8c13d
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
Under section 7(a)(9) of the Act, SBA may make or guarantee loans to finance small general contractors to construct or rehabilitate residential or commercial property for resale. This program provides an exception under specified conditions to the general rule against financing investment property. “Construct” and “rehabilitate” mean only work done on-site to the structure, utility connections and landscaping.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.