13 C.F.R. § 120.201 Refinancing unsecured or undersecured loans.
Title 13 - Business Credit and Assistance
A Borrower may not use 7(a) loan proceeds to pay any creditor in a position to sustain a loss causing a shift to SBA of all or part of a potential loss from an existing debt.
Title 13: Business Credit and Assistance
PART 120—BUSINESS LOANS
Subpart B—Policies Specific to 7(a) Loans
§ 120.201 Refinancing unsecured or undersecured loans.
