§ 120.100. What are the basic eligibility requirements for all applicants for SBA business loans?
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/us/cfr/t13/s§ 120.100·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
To be eligible for an SBA business loan, a small business applicant must:
(a)Be an operating business (except for loans to Eligible Passive Companies);
(b)Be organized for profit;
(c)Be located in the United States;
(d)Be small under the size requirements of part 121 of this chapter (including affiliates). See subpart H of this part for the size standards of part 121 of this chapter which apply only to 504 loans; and
(e)Be able to demonstrate a need for the desired credit.
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§ 120.100
What are the basic eligibility requirements for all applicants for SBA business loans?
Fed. Reg.×3
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