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13 CFR 120.708

§ 120.708 What is the Intermediary's financial contribution?

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

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13 CFR 120.708, § 120.708 What is the Intermediary's financial contribution?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52194
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The Intermediary must contribute from non-Federal sources an amount equal to 15 percent of any loan that it receives from SBA. The contribution may not be borrowed. For purposes of this program, Community Development Block Grants are considered non-Federal sources.

Legislative history

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