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

13 CFR 120.922: Pre-existing debt on the Project Property.

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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 H—Development Company Loan Program (504)

In addition to its share of Project cost, a Third-Party Loan may include consolidation of existing debt on the Project Property. The consolidation must not improve the lien position of the Lender on the pre-existing debt, unless the debt is a previous Third-Party Loan.

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

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