13 C.F.R. § 123.409 Which pre-disaster mitigation loan requests will SBA consider for funding?
Title 13 - Business Credit and Assistance
(a) SBA will consider a loan request for funding if, after reviewing a complete application, SBA determines that it meets the following selection criteria: (1) Your business satisfies the requirements of §§123.401, 123.402 and 123.403; (2) None of the conditions specified in §123.404 apply to your business, its affiliates, or principal owners; (3) Your business has submitted a reasonable cost estimate for the proposed mitigation measure and has chosen to undertake a mitigation measure that is likely to accomplish the desired mitigation result (SBA's determination of this point is not a guaranty that the project will prevent damage in future disasters); (4) Your business is creditworthy; and (5) There is a reasonable assurance of loan repayment in accordance with the terms of a loan agreement. (b) SBA will notify you in writing if your loan request does not meet the criteria in this section.
Title 13: Business Credit and Assistance
PART 123—DISASTER LOAN PROGRAM
Subpart E—Pre-Disaster Mitigation Loans
§ 123.409 Which pre-disaster mitigation loan requests will SBA consider for funding?
