---
kind: "section"
citation: "13 C.F.R. § 120.709"
title: "13"
number: "120.709"
heading: "What is the Microloan Revolving Fund?"
url: "https://uscodex.org/cfr/13/120.709"
---

# §120.709. What is the Microloan Revolving Fund?


The Microloan Revolving Fund (“MRF”) is a Deposit Account into which an Intermediary must deposit the proceeds from SBA loans, its contributions from non-Federal sources, and payments from its Microloan borrowers. An Intermediary may only withdraw from this account the money needed to establish the Loan Loss Reserve Fund ([§ 120.710](/cfr/13/120.710.md)), proceeds for each Microloan it makes, and any payments to be made to SBA.


## Notes

### Amendments

[61 FR 3235, Jan. 31, 1996, as amended at 80 FR 34046, June 15, 2015]

### 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.

### Amendments

[61 FR 3235, Jan. 31, 1996, as amended at 80 FR 34046, June 15, 2015]