[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: 13CFR123.410]



[Page 356]

 

                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. 123.410  Which loan requests will SBA fund?



    SBA will date stamp each application (loan request) as it is 

received. SBA will fund loan requests which meet the selection criteria 

specified in Sec. 123.409 on a first come, first served basis using 

this date stamp, until it has allocated all available program funds. 

Multiple applications received on the same day will be ranked by a 

computer based random selection system to determine their funding order. 

SBA will notify you in writing of its funding decision.