13 C.F.R. § 120.211 What limits are there on the amounts of direct loans?
Title 13 - Business Credit and Assistance
(a) The statutory limit for direct loans made under the authority of section 7(a)(1)-(19) of the Small Business Act is $350,000. SBA has established an administrative limit of $150,000 for direct loans. The AA/FA may authorize acceptance of an application up to the statutory limit. (b) The statutory limit for direct loans made under the authority of section 7(a)(20) is $750,000. SBA has established an administrative limit of $150,000. The Associate Administrator for Minority Enterprise Development may authorize the acceptance of an application that exceeds the administrative limit. (c) The statutory limit on SBA's portion of an immediate participation loan is $350,000. The administrative limit is the lesser of 75 percent of the loan or $150,000. The AA/FA may authorize exceptions to the administrative limit up to $350,000.
Title 13: Business Credit and Assistance
PART 120—BUSINESS LOANS
Subpart B—Policies Specific to 7(a) Loans
§ 120.211 What limits are there on the amounts of direct loans?
