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Electronic Code of Federal Regulations

e-CFR data is current as of February 25, 2020

Title 7Subtitle BChapter XVIIISubchapter HPart 1980Subpart E → §1980.473


Title 7: Agriculture
PART 1980—GENERAL
Subpart E—Business and Industrial Loan Program


§1980.473   Additional loans or advances.

(Refer to paragraph XIII of Form RD 449-35.)

Administrative

Only the State Director shall approve within his/her loan approval authority additional nonguaranteed loans or advances prior to or subsequent to the issuance of the Loan Note Guarantee. The State Director shall determine that there will be no adverse changes in the borrower's financial situation and that such loan or advance is not likely to adversely affect the collateral or the guaranteed loan.

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