13 C.F.R. § 120.1881 – How are payments on the Collateral allocated between the SISMBD borrower and repayment of the SISMBD Loan? | Midpage
§ 120.1881
13 C.F.R. § 120.1881
How are payments on the Collateral allocated between the SISMBD borrower and repayment of the SISMBD Loan?
Viewing an earlier, undated version
Unless otherwise provided in the Loan Agreements for a particular SISMBD Loan, any payment on Collateral must be assigned to SBA and must be used to repay the SISMBD Loan.