The remaining fifteen opinions opposed the Modification. One trade team stated the basic principle underlying the current prohibition towards distributing proceeds of the seven(a) loan to an affiliate with the applicant enterprise guards versus sham transactions where someone personally gets 7(a) loan proceeds when continuing to Perform a important
SBA gained 34 responses on the proposed rule change. Twenty-1 comments supported the proposed rule as-is, and eight reviews supported the rule but asked for modifications. Almost all of the remarks requesting modification supported allowing for the Director to designate a occupation worker (including the Chiefs of 7(a) or 504 Loan Coverage) for mak
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