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Electronic Code of Federal Regulations

e-CFR data is current as of March 26, 2020

Title 13Chapter IPart 123Subpart E → §123.412


Title 13: Business Credit and Assistance
PART 123—DISASTER LOAN PROGRAM
Subpart E—Pre-Disaster Mitigation Loans


§123.412   What happens if SBA declines your business' pre-disaster mitigation loan request?

If SBA declines your business' loan request, SBA will notify your business in writing giving specific reasons for decline. If your business disagrees with SBA's decision, it may respond in accordance with §123.13. If SBA reverses its decision, SBA will use the date it received your business' last request for reconsideration or appeal as the basis for determining the order of funding.

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