[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: 13CFR123.400]



[Page 353-354]

 

                TITLE 13--BUSINESS CREDIT AND ASSISTANCE

 

                CHAPTER I--SMALL BUSINESS ADMINISTRATION

 

PART 123_DISASTER LOAN PROGRAM--Table of Contents

 

                 Subpart E_Pre-Disaster Mitigation Loans

 

Sec. 123.400  What is the Pre-Disaster Mitigation Loan Program?



    Source: 67 FR 62337, Oct. 7, 2002, unless otherwise noted.





    The Pre-Disaster Mitigation Loan Program allows SBA to make low 

interest, fixed rate loans to small businesses for the purpose of 

implementing mitigation measures to protect their commercial real 

property (building) or leasehold improvements or contents from disaster 

related damage. This program supports the Federal Emergency Management 

Agency (FEMA's) Pre-



[[Page 354]]



Disaster Mitigation Program. This pilot program is authorized for 5 

fiscal years (October--September), from 2000 through 2004, and has only 

been approved for limited funding. Therefore, approved loan requests are 

funded on a first come, first served basis up to the limit of program 

funds available (see Sec. 123.411).