13 CFR 123.513
§ 123.513 Does SBA require collateral on its Military Reservist EIDL?
United States · 13 CFR — Business Credit and Assistance · Status: effective
Cite this
- Citation
- 13 CFR 123.513, § 123.513 Does SBA require collateral on its Military Reservist EIDL?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52473
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Full text
SBA will not generally require you to pledge collateral to secure a Military Reservist EIDL of $50,000 or less. For loans larger than $50,000, you will be required to provide available collateral such as a lien on business property, a security interest in personal property, or both. SBA will not decline a loan if you do not have a particular amount of collateral so long as SBA is reasonably sure that you can repay the loan. If you refuse to pledge the available collateral when requested by SBA, however, SBA may decline or cancel your loan.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.