StacksVerified U.S. regulatory reference

13 CFR §120.871

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)The costs of interior finishing of space to be leased out to another business are not eligible Project costs.
  2. (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.