13 CFR § 120.314 Business Loans

§ 120.314 Resolving doubts about creditworthiness.

Current through Sep 29, 2026 · Read all of Part 120

For the purpose of the DAL Program, SBA shall resolve doubts concerning the creditworthiness of an applicant in favor of the applicant. However, the applicant must present satisfactory evidence of repayment ability. Personal guarantees of Associates are not required for purposes of DAL-1 financial assistance.

← § 120.313 DAL-2 use of proceeds and other program conditions.§ 120.315 Interest rate and loan limit. →