---
kind: "section"
citation: "13 C.F.R. § 120.104"
title: "13"
number: "120.104"
heading: "Are businesses financed by SBICs eligible?"
url: "https://uscodex.org/cfr/13/120.104"
---

# §120.104. Are businesses financed by SBICs eligible?


SBA may make or guarantee loans to a business financed by an SBIC if SBA's collateral position will be superior to that of the SBIC. SBA may also make or guarantee a loan to an otherwise eligible small business which temporarily is owned or controlled by an SBIC under the regulations in [part 107](/cfr/13/part107.md) of this chapter. SBA neither guarantees SBIC loans nor makes loans jointly with SBICs.


## Notes

### Authority

Authority: 15 U.S.C. 634(b) (6), (b) (7), (b) (14), (h), and note, 636(a), (h) and (m), 650, 687(f), 696(3) and (7), and 697(a) and (e); sec. 521, Pub. L. 114-113, 129 Stat. 2242; sec. 328(a), Pub. L. 116-260, 134 Stat. 1182.

### Source

Source: 61 FR 3235, Jan. 31, 1996, unless otherwise noted.