(a) The loan must be secured by assignment of specific contract and personal guarantee of borrower and any other security deemed appropriate by the Commissioner.(b) The terms of a working capital loan shall not exceed one year from the date of the first disbursement made under the loan.(c) No loan shall exceed $10,000 and (shall in no event exceed the amount estimated to cover labor and material costs of the contract). If the loan is to be secured, the amount of the loan shall not exceed the value of the security provided pursuant to Section 32-9f-6 a of these regulations.(d) A small contractor must not have used the set-aside loan program fund for more than three state contracts.(e) The Commissioner shall determine whether the loan is to be repaid in periodic payments or in a single payment of interest and a single payment of principal.(f) The loan shall be made at the discretion of the Commissioner in accordance with the provisions of the loan agreement and the instructions of the Authority.Conn. Agencies Regs. § 32-9f-6a