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 § 120.202
13 CFR § 120.202
Loans for changes of ownership
August 12, 2025
CFR
Editorial Note on Part 120

Editorial Note:

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

§ 120.202 Loans for changes of ownership.

A Borrower may use 7(a) loan proceeds to purchase a portion of or the entirety of an owner's interest in a business, or a portion of or the entirety of a business itself.

[88 FR 21086, Apr. 10, 2023]

Previous
§ 120.201 Refinancing unsecured or undersecured loans

Tried the LawStack mobile app?

Join thousands and try LawStack mobile for FREE today.

  • Carry the law offline, wherever you go.
  • Download CFR, USC, rules, and state law to your mobile device.

Designed and built by Tekk Innovations LLC, the makers of the LawStack iPhone app or Android app.

© 2020 Tekk Innovations LLC