Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 13 - Business Credit and Assistance |
Chapter I - Small Business Administration |
Part 120 - Business Loans |
Subpart C - Special Purpose Loans |
Disabled Assistance Loan Program (DAL) |
§ 120.314 - Resolving doubts about creditworthiness.
Latest version.
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§ 120.314 Resolving doubts about creditworthiness.
For the purpose of the DAL Program, SBA shall resolve doubts concerning the creditworthiness of an applicant in favor of the applicant. However, the applicant must present satisfactory evidence of repayment ability. Personal guarantees of Associates are not required for purposes of DAL-1 financial assistance.