[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: 13CFR123.6]



[Page 344-345]

 

                TITLE 13--BUSINESS CREDIT AND ASSISTANCE

 

                CHAPTER I--SMALL BUSINESS ADMINISTRATION

 

PART 123_DISASTER LOAN PROGRAM--Table of Contents

 

                           Subpart A_Overview

 

Sec. 123.6  What does SBA look for when considering a disaster loan 

applicant?



    There must be reasonable assurance that you can repay your loan out 

of your personal or business cash flow, and you must have satisfactory 

credit and character. SBA will not make a loan to you if repayment 

depends upon the sale of collateral through foreclosure or any other 

disposition of assets owned by you. SBA is prohibited by statute from 

making a loan to you if you are engaged in the production or 

distribution of any product or service



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that has been determined to be obscene by a court.