[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: 13CFR123.301]



[Page 353]

 

                TITLE 13--BUSINESS CREDIT AND ASSISTANCE

 

                CHAPTER I--SMALL BUSINESS ADMINISTRATION

 

PART 123_DISASTER LOAN PROGRAM--Table of Contents

 

                Subpart D_Economic Injury Disaster Loans

 

Sec. 123.301  When would my business not be eligible to apply for an 

economic injury disaster loan?



    Your business is not eligible for an economic disaster loan if you 

(or any principal of the business) fit into any of the categories in 

Sec. Sec. 123.101 and 123.201, or if your business is:

    (a) Engaged in lending, multi-level sales distribution, speculation, 

or investment (except for real estate investment with property held for 

rental when the disaster occurred);

    (b) A non-profit or charitable concern;

    (c) A consumer or marketing cooperative;

    (d) Not a small business concern; or

    (e) Deriving more than one-third of gross annual revenue from legal 

gambling activities;

    (f) A loan packager which earns more than one-third of its gross 

annual revenue from packaging SBA loans;

    (g) Principally engaged in teaching, instructing, counseling, or 

indoctrinating religion or religious beliefs, whether in a religious or 

secular setting; or

    (h) Primarily engaged in political or lobbying activities.



[61 FR 3304, Jan. 31, 1996, as amended at 63 FR 46644, Sept. 2, 1998]