[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: 13CFR123.18]



[Page 347]

 

                TITLE 13--BUSINESS CREDIT AND ASSISTANCE

 

                CHAPTER I--SMALL BUSINESS ADMINISTRATION

 

PART 123_DISASTER LOAN PROGRAM--Table of Contents

 

                           Subpart A_Overview

 

Sec. 123.18  Can I request an increase in the amount of a physical 

disaster loan?



    SBA will consider your request for an increase in your loan if you 

can show that the eligible cost of repair or replacement of damages 

increased because of events occurring after the loan approval that were 

beyond your control. An eligible cost is one which is related to the 

disaster for which SBA issued the original loan. For example, if you 

discover hidden damage within a reasonable time after SBA approved your 

original disaster loan and before repair, renovation, or reconstruction 

is complete, you may request an increase. Or, if applicable building 

code requirements were changed since SBA approved your original loan, 

you may request an increase in your loan amount.



[63 FR 15072, Mar. 30, 1998]