13 CFR 123.513 - Does SBA require collateral on its Military Reservist EIDL?

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§ 123.513 Does SBA require collateral on its Military Reservist EIDL?

SBA will not generally require you to pledge collateral to secure a Military Reservist EIDL of $50,000 or less. For loans larger than $50,000, you will be required to provide available collateral such as a lien on business property, a security interest in personal property, or both. SBA will not decline a loan if you do not have a particular amount of collateral so long as SBA is reasonably sure that you can repay the loan. If you refuse to pledge the available collateral when requested by SBA, however, SBA may decline or cancel your loan.

[ 73 FR 54675, Sept. 23, 2008]

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United States Code
Statutes at Large

Title 13 published on 08-Jun-2018 03:45

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 13 CFR Part 123 after this date.

  • 2016-10-03; vol. 81 # 191 - Monday, October 3, 2016
    1. 81 FR 67901 - Disaster Assistance Loan Program; Disaster Loan Mitigation, Contractor Malfeasance and Secured Threshold
      GPO FDSys XML | Text
      Final rule.
      This rule is effective on October 3, 2016.
      13 CFR Part 123
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