§__.12(t) Credit Cards as Small Business Loans

§__.12(v) – 4

Q: Are credit cards issued to small businesses considered “small business loans”?

A4. Credit cards issued to a small business or to individuals to be used, with the institution’s knowledge, as business accounts are small business loans if they meet the definitional requirements in the Call Report instructions.

 

Source: Interagency Questions & Answers Regarding Community Reinvestment | July 2016

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