1. LawStack
  2. Title 13 - Business Credit and Assistance
  3. Chapter I - Small Business Administration
  4. Part 120 - Business Loans
  5. Subpart B - Policies Specific to 7(a) Loans
  6. Subject Group - Limitations on Use of Proceeds
  7. 13 CFR § 120.201
13 CFR § 120.201
Refinancing unsecured or undersecured loans
August 12, 2025
CFR
Editorial Note on Part 120

Editorial Note:

Nomenclature changes to part 120 appear at 72 FR 50039, Aug. 30, 2007.

§ 120.201 Refinancing unsecured or undersecured loans.

A Borrower may not use 7(a) loan proceeds to pay any creditor in a position to sustain a loss causing a shift to SBA of all or part of a potential loss from an existing debt.

Next
§ 120.202 Loans for changes of ownership

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