{"data":{"id":"us/13-cfr-120.871","jurisdiction":"us","citation":"13 CFR 120.871","heading":"Leasing part of Project Property to another business.","body":"(a) The costs of interior finishing of space to be leased out to another business are not eligible Project costs.\n(b) Third-party loan proceeds used to renovate the leased space do not count towards the 504 first mortgage requirement or the Borrower's contribution.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 120—BUSINESS LOANS","Subpart H—Development Company Loan Program (504)"],"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":"d142d1425e161375bd2165093825d508912c07ba6197aba9c2a3155af11470b8","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.870","next":"us/13-cfr-120.880"},"notice":"GroundRules: Original legal text. Not legal advice."}