Loans eligible to back Certificates.

13 C.F.R. § 120.612
in effectEffective: 2024-07-01
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(a) Pool Certificates are backed by the SBA guaranteed portions of loans comprising the Pool. An Individual Certificate is backed by the SBA guaranteed portion of a single loan. Any such loan must: (1) Be current as of the date the Pool is formed or the individual guaranteed portion of a loan is initially sold in the Secondary Market; (2) Be guaranteed under the Act; and (3) Meet such other standards as SBA may determine to be necessary for the successful operation of the Secondary Market program. (b) The loans that back a Pool must meet the SBA requirements in effect at the time the Pool is formed.

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