13 CFR 123.204 - How much can your business borrow for post-disaster mitigation?

Regulations last checked for updates: Nov 26, 2024

Title 13 - Business Credit and Assistance last revised: Nov 20, 2024

View all text of Subpart C [§ 123.200 - § 123.204]

§ 123.204 - How much can your business borrow for post-disaster mitigation?

For mitigation measures implemented after a disaster has occurred, you can request an increase in the approved physical disaster business loan by the lesser of the cost of the mitigation measure, or up to 20 percent of the verified loss, before deducting compensation from other sources, to repair or replace your damaged business.

[75 FR 14333, Mar. 25, 2010]

authority: 15 U.S.C. 632,634,636,636,657n,and

source: 61 FR 3304, Jan. 31, 1996, unless otherwise noted.

cite as: 13 CFR 123.204