{"data":{"id":"us/13-cfr-120.320","jurisdiction":"us","citation":"13 CFR 120.320","heading":"Policy.","body":"Section 7(a)(11) of the Act authorizes SBA to guarantee or make direct loans to establish, preserve or strengthen small business concerns:\n(a) Located in an area having high unemployment according to the Department of Labor;\n(b) Located in an area in which a high percentage of individuals have a low income inadequate to satisfy basic family needs; and\n(c) More than 50 percent owned by low income individuals.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 120—BUSINESS LOANS","Subpart C—Special Purpose 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":"2d14e4786aa2d617287708a6f91d8394b734999cec12b9960494e1ad64a90f7b","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.315","next":"us/13-cfr-120.330"},"notice":"GroundRules: Original legal text. Not legal advice."}