13 C.F.R. · Business Credit and Assistance
13 C.F.R. § 120.350

Policy.

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

13 C.F.R. § 120.350 — Policy.

§ 120.350 Policy. Section 7(a)(15) of the Act authorizes SBA to guarantee a loan to a: (a) Qualified employee trust (“ESOP”) to: (1) Help finance the growth of its employer's small business; or (2) Purchase ownership or voting control of the employer; and a (b) Small business concern, if the proceeds from the loan are only used to make a loan to a qualified employee trust that results in the qualified employee trust owning at least 51 percent of the small business concern. [87 FR 38908, June 30, 2022]

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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Citation
13 C.F.R. § 120.350
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PRIMARY-SOURCE
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The regulatory text of 13 C.F.R. § 120.350 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. § 120.350