13 C.F.R. § 120.708

Current through September 30, 2024

Section 120.708 - What is the Intermediary's financial contribution?

The Intermediary must contribute from non-Federal sources an amount equal to 15 percent of any loan that it receives from SBA. The contribution may not be borrowed. For purposes of this program, Community Development Block Grants are considered non-Federal sources.

13 C.F.R. §120.708