Title 13--Business Credit and Assistance
CHAPTER I--SMALL BUSINESS ADMINISTRATION
PART 120--BUSINESS LOANS
120.1
Which loan programs does this part cover?
120.2
Descriptions of the business loan programs.
120.3
Pilot programs.
120.10
Definitions.
120.100
What are the basic eligibility requirements for all applicants for SBA business loans?
120.101
Credit not available elsewhere.
120.102
Funds not available from alternative sources, including personal resources of principals.
120.103
Are farm enterprises eligible?
120.104
Are businesses financed by SBICs eligible?
120.105
Special consideration for veterans.
120.110
What businesses are ineligible for SBA business loans?
120.111
What conditions must an Eligible Passive Company satisfy?
120.120
What are eligible uses of proceeds?
120.130
Restrictions on uses of proceeds.
120.131
Leasing part of new construction or existing building to another business.
120.140
What ethical requirements apply to participants?
120.150
What are SBA's lending criteria?
120.151
What is the statutory limit for total loans to a Borrower?
120.160
Loan conditions.
120.170
Flood insurance.
120.171
Compliance with child support obligations.
120.172
Flood-plain and wetlands management.
120.173
Lead-based paint.
120.174
Earthquake hazards.
120.175
Coastal barrier islands.
120.176
Compliance with other laws.
120.180
Are rules enforceable if they are changed later?
120.190
Where does an applicant apply for a loan?
120.191
The contents of a business loan application.
120.192
Approval or denial.
120.193
Reconsideration after denial.
120.194
Use of computer forms.
120.195
Disclosure of fees.
120.200
What bonding requirements exist during construction?
120.201
Refinancing unsecured or undersecured loans.
120.202
Restrictions on loans for changes in ownership.
120.210
What percentage of a loan may SBA guarantee?
120.211
What limits are there on the amounts of direct loans?
120.212
What limits are there on loan maturities?
120.213
What fixed interest rates may a Lender charge?
120.214
What conditions apply for variable interest rates?
120.215
What interest rates apply to smaller loans?
120.220
Fees that Lender pays SBA.
120.221
Fees which the Lender may collect from a loan applicant.
120.222
Fees which the Lender or Associate may not collect from the Borrower or share with third parties.
120.300
Statutory authority.
120.310
What assistance is available for the disabled?
120.311
Definitions.
120.312
DAL-1 use of proceeds and other program conditions.
120.313
DAL-2 use of proceeds and other program conditions.
120.314
Resolving doubts about creditworthiness.
120.315
Interest rate and loan limit.
120.320
Policy.
120.330
Who is eligible for an energy conservation loan?
120.331
What devices or techniques are eligible for a loan?
120.332
What are the eligible uses of proceeds?
120.333
Are there any special credit criteria?
120.340
What is the Export Working Capital Program?
120.341
Who is eligible?
120.342
What are eligible uses of proceeds?
120.343
Collateral.
120.344
Unique requirements of the EWCP.
120.345
Policy.
120.346
Eligibility.
120.347
Use of proceeds.
120.348
Amount of guarantee.
120.350
Policy.
120.351
Definitions.
120.352
Use of proceeds.
120.353
Eligibility.
120.354
Creditworthiness.
120.360
Which veterans are eligible?
120.361
Other conditions of eligibility.
120.370
Policy.
120.375
Policy.
120.376
Special requirements.
120.377
Use of proceeds.
120.380
Program.
120.381
Eligibility.
120.382
Repayment ability.
120.383
Restrictions on loan processing.
120.390
Revolving credit.
120.391
What is the Builders Loan Program?
120.392
Who may apply?
120.393
Are there special application requirements?
120.394
What are the eligible uses of proceeds?
120.395
What is SBA's collateral position?
120.396
What is the term of the loan?
120.397
Are there any special restrictions?
120.400
Loan Guarantee Agreements.
120.410
Requirements for all participating Lenders.
120.411
Preferences.
120.412
Other services Lenders may provide Borrowers.
120.413
Advertisement of relationship with SBA.
120.420
Financings by participating lenders.
120.430
SBA access to Lender files.
120.431
Suspension or revocation of eligibility to participate.
120.440
What is the Certified Lenders Program?
120.441
How does a Lender become a CLP Lender?
120.442
Suspension or revocation of CLP status.
120.450
What is the Preferred Lenders Program?
120.451
How does a Lender become a PLP Lender?
120.452
What are the requirements of PLP loan processing?
120.453
What are the requirements of a PLP Lender in servicing and liquidating SBA guaranteed loans?
120.454
PLP performance review.
120.455
Suspension or revocation of PLP status.
120.470
What is an SBLC?
120.471
Records.
120.472
Reports to SBA.
120.473
Change of ownership or control.
120.474
Prohibited financing.
120.475
Audits.
120.476
Suspension or revocation.
120.500
General.
120.510
Servicing direct and immediate participation loans.
120.511
Servicing guaranteed loans.
120.512
Who services the loan after SBA honors its guarantee?
120.513
What servicing actions require the prior written consent of SBA?
120.520
When does SBA honor its guarantee?
120.521
What interest rate applies after SBA purchases its guaranteed portion?
120.522
How much accrued interest does SBA pay to the Lender or Registered Holder when SBA purchases the guaranteed portion?
120.523
What is the ``earliest uncured payment default''?
120.524
When is SBA released from liability on its guarantee?
120.530
Deferment of payment.
120.531
Extension of maturity.
120.532
What is a loan Moratorium?
120.540
What are SBA's policies concerning liquidation of collateral?
120.550
What is homestead protection for farmers?
120.551
Who is eligible for homestead protection?
120.552
Lease.
120.553
Appeal.
120.554
Conflict of laws.
120.600
Definitions.
120.601
SBA Secondary Market.
120.610
Form and terms of Certificates.
120.611
Pools backing Pool Certificates.
120.612
Loans eligible to back Certificates.
120.613
Secondary Participation Guarantee Agreement.
120.620
SBA guarantee of a Pool Certificate.
120.621
SBA guarantee of an Individual Certificate.
120.630
Qualifications to be a Pool Assembler.
120.631
Suspension or termination of Pool Assembler.
120.640
Administration of the Pool and Individual Certificates.
120.641
Disclosure to purchasers.
120.642
Requirements before the FTA issues Pool Certificates.
120.643
Requirements before the FTA issues Individual Certificates.
120.644
Transfers of Certificates.
120.645
Redemption of Certificates.
120.650
Registration duties of FTA in Secondary Market.
120.651
Claim to FTA by Registered Holder to replace Certificate.
120.652
FTA fees.
120.660
Suspension or revocation.
120.700
What is the Microloan Program?
120.701
Definitions.
120.702
Are there limitations on who can be an Intermediary or on where an Intermediary may operate?
120.703
How does an organization apply to become an Intermediary?
120.704
How are applications evaluated?
120.705
What is a Specialized Intermediary?
120.706
What are the terms and conditions of an Intermediary SBA loan?
120.707
What conditions apply to loans by Intermediaries to Microloan borrowers?
120.708
What is the Intermediary's financial contribution?
120.709
What is the Microloan Revolving Fund?
120.710
What is the Loan Loss Reserve Fund?
120.711
What rules govern Intermediaries?
120.712
How does an Intermediary get a grant to assist Microloan borrowers?
120.713
Does SBA provide technical assistance to Intermediaries?
120.714
How does a non-Intermediary get a grant?
120.715
Does SBA guarantee any loans an Intermediary obtains from another source?
120.800
What is the purpose of the 504 program?
120.801
How is a 504 Project financed?
120.802
Definitions.
120.810
Applications for certification as a CDC.
120.811
Public notice of CDC certification application.
120.812
Probationary period for newly certified CDCs.
120.820
CDC non-profit status.
120.821
CDC Area of Operations.
120.822
CDC membership.
120.823
CDC Board of Directors.
120.824
Professional management and staff.
120.825
Financial ability to operate.
120.826
Basic requirements for operating a CDC.
120.827
Services a CDC provides to small businesses.
120.828
Minimum level of CDC lending activity.
120.829
Job Opportunity average a CDC must maintain.
120.830
Reports a CDC must submit.
120.835
Application to extend an Area of Operations.
120.836
Public notice and opportunity for response.
120.837
SBA decision on application for extension.
120.838
Expiration of existing, temporary expansions.
120.839
Case-by-case extensions.
120.840
Accredited Lenders Program.
120.845
Premier Certified Lenders Program (PCLP).
120.850
ADC functions.
120.851
ADC eligibility and operating requirements.
120.852
Suspension and revocation of ADCs.
120.855
CDC and ADC ethical requirements.
120.860
Required objectives.
120.861
Job creation or retention.
120.862
Other economic development objectives.
120.870
Leasing Project Property.
120.871
Leasing part of an existing building to another business.
120.880
Basic eligibility requirements.
120.881
Ineligible Projects for 504 loans.
120.882
Eligible Project costs for 504 loans.
120.883
Eligible administrative costs for 504 loans.
120.884
Ineligible costs for 504 loans.
120.890
Source of interim financing.
120.891
Certifications of disbursement and completion.
120.892
Certifications of no adverse change.
120.900
What are the sources of permanent financing?
120.910
How much must the Borrower contribute?
120.911
Land contributions.
120.912
Borrowed contributions.
120.913
May an SBIC provide the contribution?
120.920
The first lien position.
120.921
Terms of Third Party loans.
120.922
Pre-existing debt on the Project Property.
120.923
What are the policies on subordination?
120.924
Prepayment of subordinate financing.
120.925
Preferences.
120.926
Referral fee.
120.930
Amount.
120.931
504 lending limits.
120.932
Interest rate.
120.933
Maturity.
120.934
Collateral.
120.935
Deposit.
120.936
Subordination to CDC.
120.937
Assumption.
120.938
Default.
120.939
Borrower prohibition.
120.940
Prepayment of the 504 loan or Debenture.
120.941
Certificates.
120.950
SBA and CDC must appoint agents.
120.951
Selling agent.
120.952
Fiscal agent.
120.953
Trustee.
120.954
Central Servicing Agent.
120.955
Agent bonds and records.
120.956
Suspension or revocation of brokers and dealers.
120.960
Responsibility for closing.
120.961
Construction escrow accounts.
120.970
Servicing of 504 loans and Debentures.
120.971
Allowable fees paid by Borrower.
120.972
Oversight and evaluation of CDCs and ADCs.
120.980
Transfer of CDC to ADC status.
120.981
Voluntary transfer and surrender of CDC certification.
120.982
Correcting CDC servicing deficiencies.
120.983
Transfer of CDC servicing to SBA or another CDC.
120.984
Suspension or revocation of CDC certification.
120.990
501, 502 and 503 loans.
120.991
Effect of other laws.