First Lien Position 504 Loan Law and Legal Definition
According to 13 CFR 120.1700 [Title 13 -- Business Credit and Assistance; Chapter I -- Small Business Administration; Part 120 -- Business Loans; Subpart J--Establishment of SBA Secondary Market Guarantee Program for First Lien Position 504 Loan Pools], First Lien Position 504 Loan refers to “the financing provided by the First Lien Position 504 lender that is part of the 504 project financing.”
Legal Definition list
Related Legal Terms
- 504 Financing
- 504 Plan [Education]
- Accountant Client Privilege
- Accountant's Lien
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Loan [HUD]
- Acquisition, Development and Construction (ADC) Loan
- Adjustable Rate Mortgage Loan
- Administrative Cost of Issuing a Loan Guarantee
- Advisor's Client Account
