13 C.F.R. · Business Credit and Assistance
13 C.F.R. § 120.912

Borrowed contributions.

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

13 C.F.R. § 120.912 — Borrowed contributions.

§ 120.912 Borrowed contributions. The Borrower may borrow its cash contribution from the CDC or a third party. If any of the contribution is borrowed, the interest rate must be reasonable. If the loan is secured by any of the Project assets, the loan must be subordinate to the liens securing the 504 Loan, and the loan may not be repaid at a faster rate than the 504 Loan unless SBA gives prior written approval. A third party lender may not receive voting rights, stock options, or any other actual or potential voting interest in the small business.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR13-SEC-B05CE6
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REGULATION / FEDERAL-CFR-SECTION
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boisestandard.org
Citation
13 C.F.R. § 120.912
Corpus
CFR — Code of Federal Regulations
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✓ ACTIVE
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PRIMARY-SOURCE
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✓ TRUE
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The regulatory text of 13 C.F.R. § 120.912 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. § 120.912