§ 120.313. DAL-2 use of proceeds and other program conditions.
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/us/cfr/t13/s§ 120.313·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The DAL-2 loan proceeds may be used for any 7(a) loan purposes.
(b)An applicant may use DAL-2 loan proceeds to acquire an eligible small business without complying with the change of ownership conditions in § 120.202.
(c)A DAL-2 applicant must submit evidence from a physician, psychiatrist, or other qualified professional as to the permanent nature of the disability and the limitation it places on the applicant.