What is SBA's collateral position?
13 C.F.R. § 120.395
in effectEffective: 2024-07-01SBA will require a lien on the building which must be in no less than a second position.
Source: eCFRURL: https://www.ecfr.gov/api/versioner/v1/full/2024-07-01/title-13.xmlFetched: 7/26/2026
