{"data":{"id":"us/13-cfr-120.922","jurisdiction":"us","citation":"13 CFR 120.922","heading":"Pre-existing debt on the Project Property.","body":"In addition to its share of Project cost, a Third-Party Loan may include consolidation of existing debt on the Project Property. The consolidation must not improve the lien position of the Lender on the pre-existing debt, unless the debt is a previous Third-Party Loan.","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":"4317f414fbc6c4b73f812d0b7e631baf1d601be18a850d96a7d4913edb8cb6f7","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.921","next":"us/13-cfr-120.923"},"notice":"GroundRules: Original legal text. Not legal advice."}