[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR123.402]

[Page 282-283]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
                CHAPTER I--SMALL BUSINESS ADMINISTRATION
 
PART 123--DISASTER LOAN PROGRAM--Table of Contents
 
Sec. 123.402  What businesses are eligible to apply for pre-disaster mitigation loans?

    Each State, the District of Columbia, Puerto Rico, and the Virgin 
Islands have at least one FEMA Project Impact community. Only those 
small businesses located in Project Impact communities are eligible to 
apply for a pre-disaster mitigation loan. Your

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small business may be a sole proprietorship, partnership, corporation, 
limited liability company, or other legal entity recognized under State 
law. Your small business must have been in existence for at least one 
year prior to submitting an application for this loan. Your business 
(together with its affiliates) must be small (as defined in part 121 of 
this chapter) as of the date SBA accepts the application for processing, 
and SBA must also determine that the business, its affiliates and its 
owners do not have the financial resources to fund the mitigation 
measures without undue hardship.