§ 123.6. What does SBA look for when considering a disaster loan applicant?
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/us/cfr/t13/s§ 123.6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There must be reasonable assurance that you can repay your loan based on SBA's analysis of your credit or your personal or business cash flow, and you must also have satisfactory character. SBA will not make a loan to you if repayment depends upon the sale of collateral through foreclosure or any other disposition of assets owned by you. SBA is prohibited by statute from making a loan to you if you are engaged in the production or distribution of any product or service that has been determined to be obscene by a court. \[61 FR 3304, Jan. 31, 1996, as amended at 79 FR 22862, Apr. 25, 2014\]
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§ 123.6
What does SBA look for when considering a disaster loan applicant?
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