{"data":{"id":"us/13-cfr-120.881","jurisdiction":"us","citation":"13 CFR 120.881","heading":"Ineligible Projects for 504 loans.","body":"In addition to the ineligible businesses and uses of proceeds specified in subpart A of this part, the following Projects are ineligible for 504 financing:\n(a) Relocation of any of the operations of a small business which will cause a net reduction of one-third or more in the workforce of a relocating small business or a substantial increase in unemployment in any area of the country, unless the CDC can justify the loan because:\n(1) The relocation is for key economic reasons and crucial to the continued existence, economic wellbeing, and/or competitiveness of the applicant; and\n(2) The economic development benefits to the applicant and the receiving community outweigh the negative impact on the community from which the applicant is moving; and\n(b) Projects in foreign countries (loans financing real or personal property located outside the United States or its possessions).","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":"63db4641ff2d2aea93d5a0ac2ccffd47108704d9c1da0169d2ee09227ca654dc","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.880","next":"us/13-cfr-120.882"},"notice":"GroundRules: Original legal text. Not legal advice."}