13 C.F.R. · Business Credit and Assistance
13 C.F.R. § 120.349

Collateral.

Title 13 C.F.R. ● ACTIVE Primary Source
Regulatory Text

13 C.F.R. § 120.349 — Collateral.

§ 120.349 Collateral. Each IT loan must be secured either by a first lien position or first mortgage on the property or equipment financed by the IT loan or on other assets of the Borrower, except that an IT loan may be secured by a second lien position on the property or equipment financed by the IT loan or on other assets of the Borrower, if the SBA determines the second lien position provides adequate assurance of the payment of the IT loan. [76 FR 63546, Oct. 12, 2011] Qualified Employee Trusts (ESOP)

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR13-SEC-5630D5
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REGULATION / FEDERAL-CFR-SECTION
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boisestandard.org
Citation
13 C.F.R. § 120.349
Corpus
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PRIMARY-SOURCE
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aa5e9a3a3d7d196a...
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The regulatory text of 13 C.F.R. § 120.349 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 13 13 C.F.R. § 120.349