[Code of Federal Regulations] [Title 13, Volume 1] [Revised as of January 1, 2006] From the U.S. Government Printing Office via GPO Access [CITE: 13CFR123.1] [Page 341-343] TITLE 13--BUSINESS CREDIT AND ASSISTANCE CHAPTER I--SMALL BUSINESS ADMINISTRATION PART 123_DISASTER LOAN PROGRAM--Table of Contents Subpart A_Overview Sec. 123.1 What do these rules cover? Subpart A_Overview Sec. 123.1 What do these rules cover? 123.2 What are disaster loans and disaster declarations? 123.3 How are disaster declarations made? 123.4 What is a disaster area and why is it important? 123.5 What kinds of loans are available? 123.6 What does SBA look for when considering a disaster loan applicant? 123.7 Are there restrictions on how disaster loans can be used? 123.8 Does SBA charge any fees for obtaining a disaster loan? 123.9 What happens if I don't use loan proceeds for the intended purpose? 123.10 What happens if I cannot use my insurance proceeds to make repairs? 123.11 Does SBA require collateral for any of its disaster loans? 123.12 Are books and records required? [[Page 342]] 123.13 What happens if my loan application is denied? 123.14 How does the Federal Debt Collection Procedures Act of 1990 apply? 123.15 What if I change my mind? 123.16 How are loans administered and serviced? 123.17 Do other Federal requirements apply? 123.18 Can I request an increase in the amount of a physical disaster loan? 123.19 May I request an increase in the amount of an economic injury loan? 123.20 How long do I have to request an increase in the amount of a physical disaster loan or an economic injury loan? 123.21 What is a mitigation measure? Subpart B_Home Disaster Loans 123.100 Am I eligible to apply for a home disaster loan? 123.101 When am I not eligible for a home disaster loan? 123.102 What circumstances would justify my relocating? 123.103 What happens if I am forced to move from my home? 123.104 What interest rate will I pay on my home disaster loan? 123.105 How much can I borrow with a home disaster loan and what limits apply on use of funds and repayment terms? 123.106 What is eligible refinancing? 123.107 How much can I borrow for post-disaster mitigation for my home? Subpart C_Physical Disaster Business Loans 123.200 Am I eligible to apply for a physical disaster business loan? 123.201 When am I not eligible to apply for a physical disaster business loan? 123.202 How much can my business borrow with a physical disaster business loan? 123.203 What interest rate will my business pay on a physical disaster business loan and what are the repayment terms? 123.204 How much can your business borrow for post-disaster mitigation? Subpart D_Economic Injury Disaster Loans 123.300 Is my business eligible to apply for an economic injury disaster loan? 123.301 When would my business not be eligible to apply for an economic injury disaster loan? 123.302 What is the interest rate on an economic injury disaster loan? 123.303 How can my business spend my economic injury disaster loan? Subpart E_Pre-Disaster Mitigation Loans 123.400 What is the Pre-Disaster Mitigation Loan Program? 123.401 What types of mitigating measures can your business include in an application for a pre-disaster mitigation loan? 123.402 Can your business include its relocation as a mitigation measure in an application for a pre-disaster mitigation loan? 123.403 When is your business eligible to apply for a pre-disaster mitigation loan? 123.404 When is your business ineligible to apply for a pre-disaster mitigation loan? 123.405 How much can your business borrow with a pre-disaster mitigation loan? 123.406 What is the interest rate on a pre-disaster mitigation loan? 123.407 When does your business apply for a pre-disaster mitigation loan and where does your business get the application? 123.408 How does your business apply for a pre-disaster mitigation loan? 123.409 Which pre-disaster mitigation loan requests will SBA consider for funding? 123.410 Which loan requests will SBA fund? 123.411 What if SBA determines that your business loan request meets the selection criteria of Sec. 123.409 but SBA is unable to fund it because SBA has already allocated all program funds? 123.412 What happens if SBA declines your business' pre-disaster loan request? Subpart F_Military Reservist Economic Injury Disaster Loans 123.500 Definitions. 123.501 When is your business eligible to apply for a Military Reservist Economic Injury Disaster Loan (EIDL)? 123.502 When is your business ineligible to apply for a Military Reservist EIDL? 123.503 When can you apply for a Military Reservist EIDL? 123.504 How do you apply for a Military Reservist EIDL? 123.505 What if you are both an essential employee and the owner of the small business and you started active duty before applying for a Military Reservist EIDL? 123.506 How much can you borrow under the Military Reservist EIDL Program? 123.507 Under what circumstances will SBA consider waiving the $1.5 million loan limit? 123.508 How can you use Military Reservist EIDL funds? 123.509 What can't you use Military Reservist EIDL funds for? 123.510 What if you don't use your Military Reservist EIDL funds as authorized? 123.511 How will SBA disburse Military Reservist EIDL funds? [[Page 343]] 123.512 What is the interest rate on a Military Reservist EIDL? Subpart G_Economic Injury Disaster Loans as a Result of the September 11, 2001 Terrorist Attacks 123.600 Are economic injury disaster loans under this subpart limited to the geographic areas contiguous to the declared disaster areas? 123.601 Is my business eligible to apply for an economic injury disaster loan under this subpart? 123.602 When would my business not be eligible to apply for an economic injury disaster loan under this subpart? 123.603 What is the interest rate on an economic injury disaster loan under this subpart? 123.604 How can my business spend my economic injury disaster loan under this subpart? 123.605 How long do I have to apply for a loan under this subpart? 123.606 May I request an increase in the amount of an economic injury disaster loan under this subpart? Authority: 15 U.S.C. 634(b)(6), 636(b), 636(c); Pub. L. 102-395, 106 Stat. 1828, 1864; and Pub. L. 103-75, 107 Stat. 739; and Pub. L. 106-50, 113 Stat. 245. Source: 61 FR 3304, Jan. 31, 1996, unless otherwise noted. This part covers the disaster loan programs authorized under the Small Business Act, 15 U.S.C. 636(b), (c), and (f). Since SBA cannot predict the occurrence or magnitude of disasters, it reserves the right to change the rules in this part, without advance notice, by publishing interim emergency regulations in the Federal Register.