GroundRules
← Search the law
Federal regulations · Through 2026-08-25 · Newer source version available

13 CFR 120.353: Eligibility.

Read at publisher ↗
Where this section sits in the code
  1. Title 13—Business Credit and Assistance
  2. CHAPTER I—SMALL BUSINESS ADMINISTRATION
  3. PART 120—BUSINESS LOANS
  4. Subpart C—Special Purpose Loans

SBA may assist a qualified employee trust (or equivalent trust) that meets the requirements and conditions for an ESOP prescribed in all applicable IRS, Treasury and Department of Labor (DOL) regulations. In addition, the following conditions apply:

(a) The small business must provide the funds needed by the trust to repay the loan; and

(b) The small business must provide adequate collateral.

Collected 2026-08-27T02:24:18Z. Source file · JSON

Browse this collection