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Disaster Loan Program

SBA · final-rule · Published 1998-09-02 · Effective 1998-09-02 · 63 FR 46643

Document

Document number
98-23657
Federal Register citation
63 FR 46643
CFR reference
13 CFR 123
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Small Business Administration
Publication date
1998-09-02
Effective date
1998-09-02

Abstract

Under this final rule SBA amends its regulations to conform the eligibility criteria for disaster loans to those applicable in SBA's business loan program. Under the final rule, a business can not obtain a physical disaster loan if it is engaged in any illegal activity; if it is a government owned entity (other than one owned or controlled by a Native American tribe); or if it engages in products or services of a prurient sexual nature. Under the final rule, a business is not eligible for an economic injury disaster loan if more than one- third of its revenues are from legal gambling operations or from packaging SBA loans; if it is principally engaged in teaching or indoctrinating religion; or is primarily engaged in political or lobbying activities.

Source

Authoritative
Federal Register document
Machine
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