§ 120.361. Other conditions of eligibility.
62 words·~1 min read·
/us/cfr/t13/s§ 120.361·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Management and daily operations of the business must be directed by one or more of the veteran owners whose veteran status was used to qualify for the loan.
(b)This direct loan program is available only if private sector financing and guaranteed loans are not available.
(c)A veteran may qualify only once for this program on a direct loan basis.