CFR › Title 13 › Part 120 › §120.88013 CFR §120.880Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗Copy linkIn addition to the eligibility requirements specified in subpart A, to be an eligible Borrower for a 504 loan, a small business must:(a)Use the Project Property (except that an Eligible Passive Company may lease to an Operating Company); and(b)Together with its Affiliates, meet one of the size standards set forth in § 121.301(b) of this chapter.