{"data":{"id":"us/13-cfr-120.376","jurisdiction":"us","citation":"13 CFR 120.376","heading":"Special requirements.","body":"The following special conditions apply (otherwise, 7(a) loan eligibility criteria apply):\n(a) The Associate Administrator for Business Development may waive the direct loan administrative ceiling of $150,000, and raise it to $750,000.\n(b) The SBA portion of a guaranteed loan must not exceed $750,000.\n(c) The interest rate on a guaranteed loan shall be the same as on 7(a) guaranteed business loans. The interest rate on a direct loan shall be one percent less than on a regular direct loan.\n(d) For a direct loan or SBA's portion of an immediate participation loan, SBA shall subordinate its security interest on all collateral to other debt of the applicant.","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":"81f0789256f1e0ee1524f2de5fd52286f34b601e763e02cb2b87258f17295915","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.375","next":"us/13-cfr-120.377"},"notice":"GroundRules: Original legal text. Not legal advice."}