Refinancing unsecured or undersecured loans.

CFR · 2024-01-01 · US · Title 13

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.

official document · source cfr-2024 · id 13:§ 120.201