{"data":{"id":"us/13-cfr-120.612","jurisdiction":"us","citation":"13 CFR 120.612","heading":"Loans eligible to back Certificates.","body":"(a) Pool Certificates are backed by the SBA guaranteed portions of loans comprising the Pool. An Individual Certificate is backed by the SBA guaranteed portion of a single loan. Any such loan must:\n(1) Be current as of the date the Pool is formed or the individual guaranteed portion of a loan is initially sold in the Secondary Market;\n(2) Be guaranteed under the Act; and\n(3) Meet such other standards as SBA may determine to be necessary for the successful operation of the Secondary Market program.\n(b) The loans that back a Pool must meet the SBA requirements in effect at the time the Pool is formed.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 120—BUSINESS LOANS","Subpart F—Secondary Market"],"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":"4cabc1797991c40b5dbf21297fb4886de399802126bb643b384e8198c8be7aa3","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.611","next":"us/13-cfr-120.613"},"notice":"GroundRules: Original legal text. Not legal advice."}