{"data":{"id":"us/13-cfr-120.395","jurisdiction":"us","citation":"13 CFR 120.395","heading":"What is SBA's collateral position?","body":"SBA will require a lien on the building which must be in no less than a second position.","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":"71bf00def2629caf16e8ba803c98631be4244a4bb7419de8ba13ae66fd352d99","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.394","next":"us/13-cfr-120.396"},"notice":"GroundRules: Original legal text. Not legal advice."}