Utah Admin. Code R590-280-4 - Definitions

Current through Bulletin No. 2021-18, September 15, 2021

(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

Utah Admin. Code R590-280-4
Adopted by Utah State Bulletin Number 2019-10, effective 4/23/2019

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