Pool Loan Receivables 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], Pool Loan Receivables means “Pool Loan payments, prepayments, or collections made in connection with the Pool Loan by the Obligor pursuant to Pool Note or any other Pool Loan documents or agreements, or by another person or entity made on behalf of any such Pool Loan obligor, and Liquidation Proceeds.”