1. LawStack
  2. Title 13 - Business Credit and Assistance
  3. Chapter I - Small Business Administration
  4. Part 120 - Business Loans
  5. Subpart C - Special Purpose Loans
  6. Subject Group - Loans to Participants in the 8(<span class="standard">a</span>) Program
  7. 13 CFR § 120.377
13 CFR § 120.377
Use of proceeds
August 12, 2025
CFR
Editorial Note on Part 120

Editorial Note:

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

§ 120.377 Use of proceeds.

The loan proceeds shall not be used for debt refinancing. Only a manufacturing concern may use loan proceeds for working capital.

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§ 120.376 Special requirements

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