Utah Admin. Code R590-280-3 - Definitions
Terms used in this rule are defined in Sections 31A-1-301 and 31A-17-601. Additional terms are defined as follows:
(1) "SBA" means
the United States Small Business Administration.
(2) "Short-term funds" means a sum of money
that an insurer loans to an SBA borrower to fund the SBA borrower's anticipated
use of SBA 504 loan proceeds where the insurer's loan is secured by a lien on
real property or by any other form of collateral authorized by the
commissioner.
Notes
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