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Electronic Code of Federal Regulations

e-CFR data is current as of March 30, 2020

Title 13Chapter IPart 123Subpart G → §123.602


Title 13: Business Credit and Assistance
PART 123—DISASTER LOAN PROGRAM
Subpart G—Economic Injury Disaster Loans as a Result of the September 11, 2001 Terrorist Attacks


§123.602   When would my business not be eligible to apply for an economic injury disaster loan under this subpart?

Your business is not eligible for an economic injury disaster loan under this subpart if you (or any principal of the business) fit into any of the categories in §§123.101 and 123.201, or if your business is:

(a) Engaged in lending, multi-level sales distribution, speculation, or investment (except for real estate investment with property held for rental on September 11, 2001);

(b) A non-profit or charitable concern;

(c) A consumer or marketing cooperative;

(d) Not a small business concern; or

(e) Deriving more than one-third of gross annual revenue from legal gambling activities;

(f) A loan packager which earns more than one-third of its gross annual revenue from packaging SBA loans;

(g) Principally engaged in teaching, instructing, counseling, or indoctrinating religion or religious beliefs, whether in a religious or secular setting; or

(h) Primarily engaged in political or lobbying activities.

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