### Question
How is the "non-Federally regulated SBA lender" defined?


### Answer
The term **non-Federally regulated SBA lender** is defined in *15 U.S.C. § 632* as follows -

> a business concern if—


(A) such concern is authorized by the Administrator to make loans under section 636 of this title

#### Citation:
  - *15 U.S.C. § 632*
  - Heading: **CHAPTER 14A-AID TO SMALL BUSINESS**

