Policy.

CFR · 2024-01-01 · US · Title 13

Section 7(a)(11) of the Act authorizes SBA to guarantee or make direct loans to establish, preserve or strengthen small business concerns: (a) Located in an area having high unemployment according to the Department of Labor; (b) Located in an area in which a high percentage of individuals have a low income inadequate to satisfy basic family needs; and (c) More than 50 percent owned by low income individuals.

official document · source cfr-2024 · id 13:§ 120.320