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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.
61 FR 3235, Jan. 31, 1996, unless otherwise noted.
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Nomenclature changes to part 120 appear at 72 FR 50039, Aug. 30, 2007.
In addition to the eligibility requirements specified in subpart A, to be an eligible Borrower for a 504 loan, a small business must:
(a) Use the Project Property (except that an Eligible Passive Company may lease to an Operating Company); and
(b) Together with its Affiliates, meet one of the size standards set forth in § 121.301(b) of this chapter.
[61 FR 3235, Jan. 31, 1996, as amended at 68 FR 57987, Oct. 7, 2003]