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CFR > Title 13 - Business Credit and Assistance > CHAPTER I—SMALL BUSINESS ADMINISTRATION > PART 120—BUSINESS LOANS > SUBPART C—Special Purpose Loans (§120.300 to §120.398) > 120.395—What is SBA's collateral position?
120.395—What is SBA's collateral position?
SBA will require a lien on the building which must be in no less than a second position.