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Title 13

Displaying title 13, up to date as of 7/20/2026. Title 13 was last amended 6/11/2026.
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Title 13Business Credit and AssistancePart / Section
Chapter ISmall Business Administration1 – 199
Part 120Business Loans120.1 – 120.1726
Subpart DLenders120.400 – 120.490
§ 120.400Loan Guarantee Agreements.
Participation Criteria120.410 – 120.413
§ 120.410Requirements for all participating Lenders.
§ 120.411Preferences.
§ 120.412Other services Lenders may provide Borrowers.
§ 120.413Advertisement of relationship with SBA.
Participating Lender Financings120.420 – 120.428
§ 120.420Definitions.
§ 120.421Which Lenders may securitize?
§ 120.422Are all securitizations subject to this subpart?
§ 120.423Which 7(a) loans may a Lender securitize?
§ 120.424What are the basic conditions a Lender must meet to securitize?
§ 120.425What are the minimum elements that SBA will require before consenting to a securitization?
§ 120.426What action will SBA take if a securitizer transfers the subordinated tranche prior to the termination of the holding period?
§ 120.427Will SBA approve a securitization application from a capital impaired Securitizer?
§ 120.428What happens to a securitizer's other PLP responsibilities if SBA suspends its PLP approval privilege?
Other Conveyances120.430 – 120.435
§ 120.430What conveyances are covered by §§ 120.430 through 120.435?
§ 120.431Which Lenders may sell, sell participations in, or pledge 7(a) loans?
§ 120.432Under what circumstances does this subpart permit sales of, or sales of participating interests in, 7(a) loans?
§ 120.433What are SBA's other requirements for sales and sales of participating interests?
§ 120.434What are SBA's requirements for loan pledges?
§ 120.435Which loan pledges do not require notice to or consent by SBA?
Delegated Authority Criteria120.440 – 120.441-§ 120.447
§ 120.440How does a 7(a) Lender obtain delegated authority?
§ 120.441-§ 120.447 [Reserved]
Preferred Lenders Program (PLP)120.450 – 120.452
§ 120.450What is the Preferred Lenders Program?
§ 120.451 [Reserved]
§ 120.452What are the requirements of PLP loan processing?
SBA Supervised Lenders120.460 – 120.468
§ 120.460What are SBA's additional requirements for SBA Supervised Lenders?
§ 120.461What are SBA's additional requirements for SBA Supervised Lenders concerning records?
§ 120.462What are SBA's additional requirements on capital maintenance for SBA Supervised Lenders?
§ 120.463Regulatory accounting—What are SBA's regulatory accounting requirements for SBA Supervised Lenders?
§ 120.464Reports to SBA.
§ 120.465Civil penalty for late submission of required reports.
§ 120.466SBA Supervised Lender application.
§ 120.467Evaluation of SBA Supervised Lender applicants.
§ 120.468Change of ownership or control requirements for SBA Supervised Lenders.
Small Business Lending Companies (SBLC)120.470 – 120.490
§ 120.470What are SBA's additional requirements for SBLCs?
§ 120.471What are the minimum capital requirements for SBLCs?
§ 120.472Higher individual minimum capital requirement.
§ 120.473Procedures for determining individual minimum capital requirement.
§ 120.474Relation to other actions.
§ 120.475 [Reserved]
§ 120.476Prohibited financing.
§ 120.490Audits.