13 C.F.R. · Business Credit and Assistance
13 C.F.R. § 120.397

Are there any special restrictions?

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13 C.F.R. § 120.397 — Are there any special restrictions?

§ 120.397 Are there any special restrictions? The borrower must not use loan proceeds to purchase vacant land for possible future construction or to operate or hold rental property for future rehabilitation. SBA may allow rental of the property only if the rental will improve the ability to sell the property. The sale must be a legitimate change of ownership. America's Recovery Capital (Business Stabilization) Loan Program—ARC Loan Program

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13 C.F.R. § 120.397
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The regulatory text of 13 C.F.R. § 120.397 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. § 120.397