R590-280-3. Definitions

Terms used in this rule are defined in Sections 31A-1-301 and 31A-17-601. Additional terms are defined as follows: (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.