{"data":{"id":"us/13-cfr-120.201","jurisdiction":"us","citation":"13 CFR 120.201","heading":"Refinancing unsecured or undersecured loans.","body":"A Borrower may not use 7(a) loan proceeds to pay any creditor in a position to sustain a loss causing a shift to SBA of all or part of a potential loss from an existing debt.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 120—BUSINESS LOANS","Subpart B—Policies Specific to 7(a) Loans"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-13.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:18Z","sha256":"8e01fb30e1070024503248f897377a96035d13194bb6ffb22bff38a7c92fcd9b","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.200","next":"us/13-cfr-120.202"},"notice":"GroundRules: Original legal text. Not legal advice."}