SBA SOP 50 10 8, A.Ch3.B — RESTRICTIONS ON USES OF PROCEEDS

sba-sop-a-ch3-b

Verbatim text of SBA SOP 50 10 8 section A.Ch3.B (RESTRICTIONS ON USES OF PROCEEDS), effective 2025-06-01. 1 provision(s) quoted from the SOP PDF. SBA's own document page serves superseded editions, and the SOP is further amended by policy notices — read this with the notices that touch it.

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Verbatim regulatory text (1)

Verbatim provisions from SBA SOP 50 10 8, A.Ch3.B — RESTRICTIONS ON USES OF PROCEEDS — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

SOP 50 10 8 A.Ch3.B

Effective 2025-06-01 · publisher's stamp for this provision

B. RESTRICTIONS ON USES OF PROCEEDS 13 CFR § 120.130 Loan proceeds may not be used for any of the following purposes (including the replacement of funds used or borrowed for any such purpose): 1. Payments, distributions, or loans to an Associate of the Applicant (as defined in 13 CFR § 120.10), except for compensation for services actually rendered at a fair and reasonable rate or to facilitate 7(a) loans for changes of ownership in accordance with 13 CFR § 120.202 and the guidance in Section B of this SOP on partial changes of ownership;

Source: SBA SOP 50 10 8, A.Ch3.B — RESTRICTIONS ON USES OF PROCEEDS · source URL · snapshot 535743ffe062cc34

Operationalizing SBA SOP 50 10 8, A.Ch3.B — RESTRICTIONS ON USES OF PROCEEDS

This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.

To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.

Source of record: https://claudeforcompliance.com/regs/sba-sop-a-ch3-b/ · register sba-sop-a-ch3-b · Claude for Compliance. Free to read and download; see regulatory updates and methodology.