13 CFR 123.410 - Which loan requests will SBA fund?

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Title 13: Business Credit and Assistance

CHAPTER I: SMALL BUSINESS ADMINISTRATION

PART 123: DISASTER LOAN PROGRAM

Subpart E: Pre-Disaster Mitigation Loans

123.410 - Which loan requests will SBA fund

SBA will date stamp each application (loan request) as it is received. SBA will fund loan requests which meet the selection criteria specified in ? 123.409 on a first come, first served basis using this date stamp, until it has allocated all available program funds. Multiple applications received on the same day will be ranked by a computer based random selection system to determine their funding order. SBA will notify you in writing of its funding decision.

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