Borrower's trade or business.

(5) Borrower's trade or business. A loan is a producer's loan only if the loan is made to a person engaged in the United States in the manufacture, production, growth, or extraction (within the meaning of 1.993-3(c)) of export property determined without regard to 1.993-3(f)(1)(iii) and (iv). The borrower may also be engaged in other trades or businesses and the loan need not be traceable to specific investments in export property.


26 CFR § 1.993-4

Scoping language

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