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<CFRGRANULE xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:noNamespaceSchemaLocation="CFRMergedXML.xsd">
  <FDSYS>
    <CFRTITLE>13</CFRTITLE>
    <CFRTITLETEXT>Business Credit and Assistance</CFRTITLETEXT>
    <VOL>1</VOL>
    <DATE>2013-01-01</DATE>
    <ORIGINALDATE>2013-01-01</ORIGINALDATE>
    <COVERONLY>false</COVERONLY>
    <TITLE>Revolving Loan Funds established for business lending.</TITLE>
    <GRANULENUM>307.7</GRANULENUM>
    <HEADING>Section 307.7</HEADING>
    <ANCESTORS>
      <PARENT HEADING="Title 13" SEQ="3">Business Credit and Assistance</PARENT>
      <PARENT HEADING="CHAPTER III" SEQ="2">ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE</PARENT>
      <PARENT HEADING="PART 307" SEQ="1">ECONOMIC ADJUSTMENT ASSISTANCE INVESTMENTS</PARENT>
      <PARENT HEADING="Subpart B" SEQ="0">Special Requirements for Revolving Loan Funds and Use of Grant Funds</PARENT>
    </ANCESTORS>
  </FDSYS>
  <SECTION>
    <SECTNO>§ 307.7</SECTNO>
    <SUBJECT>Revolving Loan Funds established for business lending.</SUBJECT>
    <P>Economic Adjustment Assistance Grants to capitalize or recapitalize RLFs most commonly fund business lending, but may also fund public infrastructure or other authorized lending activities. The requirements in this subpart B apply to RLFs established for business lending activities. Special award conditions may contain appropriate modifications of these requirements to accommodate non-business RLF awards.</P>
  </SECTION>
</CFRGRANULE>
