§ 120.880. Basic eligibility requirements.
75 words·~1 min read·
/us/cfr/t13/s§ 120.880·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In addition to the eligibility requirements specified in subpart A, to be an eligible Borrower for a 504 loan, a small business must:
(a)Use the Project Property (except that an Eligible Passive Company may lease to an Operating Company); and
(b)Together with its Affiliates, meet one of the size standards set forth in § 121.301(b) of this chapter. \[61 FR 3235, Jan. 31, 1996, as amended at 68 FR 57987, Oct. 7, 2003\]