13 CFR 120.709 - What is the Microloan Revolving Fund?

§ 120.709 What is the Microloan Revolving Fund?

The Microloan Revolving Fund (“MRF”) is a Deposit Account into which an Intermediary must deposit the proceeds from SBA loans, its contributions from non-Federal sources, and payments from its Microloan borrowers. An Intermediary may only withdraw from this account the money needed to establish the Loan Loss Reserve Fund ( § 120.710), proceeds for each Microloan it makes, and any payments to be made to SBA.

[ 61 FR 3235, Jan. 31, 1996, as amended at 80 FR 34046, June 15, 2015]

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