Code of Federal Regulations (alpha)

CFR /  Title 13  /  Part 120  /  Sec. 120.1891 What happens if an SISMBD is ineligible to receive

If an SISMBD that has received funds from an SISMBD Loan or an advance is found to be ineligible for the loan or any advance under the loan or is found to have knowingly breached a representation, the SISMBD must immediately repay the loan in full upon demand by SBA or SBA will exercise its rights as described in Sec. 120.1830(g).