§ 120.192 - Approval or denial.  


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  • § 120.192 Approval or denial.

    Applicants receive notice of approval or denial by the Lender, CDC, Intermediary, or SBA, as appropriate. Notice of denial will include the reasons. If a loan is approved, an Authorization will be issued.

    [61 FR 3235, Jan. 31, 1996, as amended at 88 FR 21899, Apr. 12, 2023]