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Federal regulations · Through 2026-08-25 · Newer source version available

13 CFR 120.412: Other services Lenders may provide Borrowers.

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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 D—Lenders

Subject to § 120.140 Lenders, their Associates or the designees of either may provide services to and contract for goods with a Borrower only after full disbursement of the loan to the small business or to an account not controlled by the Lender, its Associate, or the designee. A Lender, an Associate, or a designee providing such services must do so under a written contract with the small business, based on time and hourly charges, and must maintain time and billing records for examination by SBA. Fees cannot exceed those charged by established professional consultants providing similar services. See also § 120.195.

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

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