§120.201. Refinancing unsecured or undersecured loans. — Inbound Citations
13 C.F.R. § 120.201
Statutory Authority
Cited by 2 regulations in release Current.
Citations to 13 C.F.R. § 120.201 as a whole
-
-
(l) A lender may make an ARC Loan to an Eligible Borrower that intends to use the proceeds of the ARC Loan to make periodic payments of principal and interest on a Qualifying Small Business Loan that is owned or serviced by that same lender. The provisions of §§ 120.10, 120.536(a)(2) and 120.925 with regard to Preference for repayments without prior SBA approval do not apply to ARC Loans. The provisions of § 120.201 restricting refinancing also do not apply to ARC Loans.