---
kind: "section"
citation: "13 C.F.R. § 120.190"
title: "13"
number: "120.190"
heading: "Where does an applicant apply for a loan?"
url: "https://uscodex.org/cfr/13/120.190"
---

# §120.190. Where does an applicant apply for a loan?


An applicant for a business loan should apply to:

- (a) A Lender for a guaranteed or immediate participation loan;
- (b) A CDC for a 504 loan;
- (c) An Intermediary for a Microloan; or
- (d) **SBA for a direct loan.**

## 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.