{"data":{"id":"us/13-cfr-120.361","jurisdiction":"us","citation":"13 CFR 120.361","heading":"Other conditions of eligibility.","body":"(a) Management and daily operations of the business must be directed by one or more of the veteran owners whose veteran status was used to qualify for the loan.\n(b) This direct loan program is available only if private sector financing and guaranteed loans are not available.\n(c) A veteran may qualify only once for this program on a direct loan basis.","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":"4e32fb2bd53c7d4ab7f4096768e43b85c0b0fa81afc659bd9dc6d5da2ef9c82d","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.360","next":"us/13-cfr-120.375"},"notice":"GroundRules: Original legal text. Not legal advice."}