Loans and Loan Guarantees; Conditions

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Sec. 12. From the fund, the corporation shall:

(1) guarantee loans made by approved lenders upon conditions prescribed under this chapter to small or minority businesses to assist them in the operation or expansion of their businesses; and

(2) make loans upon conditions prescribed under this chapter to small or minority businesses for the purpose of assisting them in the operation and expansion of their businesses.

As added by P.L.4-2005, SEC.34.


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