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13 CFR 120.395

§ 120.395 What is SBA's collateral position?

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

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13 CFR 120.395, § 120.395 What is SBA's collateral position?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52097
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SBA will require a lien on the building which must be in no less than a second position.

Legislative history

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