120.709—What is the Microloan Revolving Fund?
The Microloan Revolving Fund (“MRF”) is an interest-bearing Deposit Account into which an Intermediary must deposit the proceeds from SBA loans, its contributions from non-Federal sources, and payments from its Microloan borrowers. An Intermediary may only withdraw from this account the money needed to establish the Loan Loss Reserve Fund ( § 120.710 ), proceeds for each Microloan it makes, and any payments to be made to SBA.