Utah Administrative Code (Current through November 1, 2019)

R590-280-4. Definitions

Related Notices
- No. 43561 (New Rule): Rule R590-280. Counting Short-Term Funds
- No. 43561 (New Rule): Rule R590-280. Counting Short-Term Funds

Latest version.

(1) "SBA" means the United States Small Business Administration.

(2) "Short-term funds" means a sum of money that an insurer loans to an SBA borrower to fund the SBA borrower's anticipated use of SBA 504 loan proceeds where the insurer's loan is secured by a lien on real property or by any other form of collateral authorized by the commissioner.

                    
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