13 CFR § 120.708 Business Loans

§ 120.708 What is the Intermediary's financial contribution?

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

The Intermediary must contribute from non-Federal sources an amount equal to 15 percent of any loan that it receives from SBA. The contribution may not be borrowed. For purposes of this program, Community Development Block Grants are considered non-Federal sources.

← § 120.707 What conditions apply to loans by Intermediaries to Microloan borrowers?§ 120.709 What is the Microloan Revolving Fund? →