Third Party Loan [Small Business Administration] Law and Legal Definition
According to 13 CFR 120.802 [Title 13 -- Business Credit and Assistance; Chapter I -- Small Business Administration; Part 120 -- Business Loans; Subpart H -- Development Company Loan Program (504)], Third Party Loan is “a loan from a commercial or private lender, investor, or Federal (non-SBA), State or local government source that is part of the Project financing.”
