### Question
How does SMALL BUSINESS INVESTMENT PROGRAM define third party debt?


### Answer
Under *15 U.S.C. § 662*, **third party debt** is defined as:

> any indebtedness for borrowed money, other than indebtedness owed to the Administration

#### Citation:
  - *15 U.S.C. § 662*
  - Heading: **CHAPTER 14B-SMALL BUSINESS INVESTMENT PROGRAM > SUBCHAPTER I-GENERAL PROVISIONS**

