[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: 13CFR123.411]



[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. 123.411  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?



    If SBA determines that your business' loan request meets the 

selection criteria of Sec. 123.409 but we are unable to fund it because 

we have already allocated all available program funds, your request will 

be given priority status, based on the original acceptance date, once 

more program funds become available. However, if more than 6 months pass 

since SBA determined to fund your request, SBA may request updated or 

additional financial information.



[[Page 357]]