StacksVerified U.S. regulatory reference

13 CFR §120.320

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Section 7(a)(11) of the Act authorizes SBA to guarantee or make direct loans to establish, preserve or strengthen small business concerns:
  1. (a)Located in an area having high unemployment according to the Department of Labor;
  2. (b)Located in an area in which a high percentage of individuals have a low income inadequate to satisfy basic family needs; and
  3. (c)More than 50 percent owned by low income individuals.