§123.304. Is there a limit on the maximum loan amount to a single corporate group for COVID EIDL Loans?
13 C.F.R. § 123.304
Entities that are part of a single corporate group shall in no event receive more than $10,000,000 of COVID EIDL loans in the aggregate. For purposes of this limit, entities are part of a single corporate group if they are majority owned, directly or indirectly, by a common parent.
Notes, amendments, and revision history
Amendments
[86 FR 50219, Sept. 8, 2021]
Authority
Authority: 15 U.S.C. 632, 634(b)(6), 636(b), 636(d), 657n, 9009, and U.S. Const. art. VI, cl. 10.
Source
Source: 61 FR 3304, Jan. 31, 1996, unless otherwise noted.
Amendments
[86 FR 50219, Sept. 8, 2021]