{"data":{"id":"us/13-cfr-120.211","jurisdiction":"us","citation":"13 CFR 120.211","heading":"What limits are there on the amounts of direct loans?","body":"(a) The statutory limit for direct loans made under the authority of section 7(a)(1)-(19) of the Small Business Act is $350,000. SBA has established an administrative limit of $150,000 for direct loans. The D/FA may authorize acceptance of an application up to the statutory limit.\n(b) The statutory limit for direct loans made under the authority of section 7(a)(20) is $750,000. SBA has established an administrative limit of $150,000. The Associate Administrator for Business Development may authorize the acceptance of an application that exceeds the administrative limit.\n(c) The statutory limit on SBA's portion of an immediate participation loan is $350,000. The administrative limit is the lesser of 75 percent of the loan or $150,000. The D/FA may authorize exceptions to the administrative limit up to $350,000.","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":"88fa05a948a615b87d0b2cfe3a367dbe1770c423216fdd59b4ceeb2cf3d1313d","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.210","next":"us/13-cfr-120.212"},"notice":"GroundRules: Original legal text. Not legal advice."}