# 7(a) Loan Program; Eligible Passive Companies
> **US Small Business Administration** · Direct final rule. · Published 2012-04-02 · Effective 2012-05-17 · 77 FR 19531
## Document
- **Document number:** 2012-7808
- **Category:** final-rule
- **Agency:** US Small Business Administration
- **Federal Register citation:** 77 FR 19531
- **CFR reference:** 13 CFR 120
- **Publication date:** 2012-04-02
- **Effective date:** 2012-05-17
## Abstract

This direct final rule amends SBA's existing regulations to clarify the eligible uses of loan proceeds by an Operating Company in connection with an SBA-guaranteed loan to an Eligible Passive Company.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2012/04/02/2012-7808/7a-loan-program-eligible-passive-companies)
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