13 CFR 124.205 - Can an applicant ask SBA to reconsider SBA's initial decision to decline its application?

Regulations last checked for updates: Feb 16, 2025

Title 13 - Business Credit and Assistance last revised: Jan 21, 2025

View all text of Subpart A [§ 124.1 - § 124.704]

§ 124.205 - Can an applicant ask SBA to reconsider SBA's initial decision to decline its application?

There is no reconsideration process for applications that have been declined. An applicant which has been declined may file an appeal with SBA's Office of Hearings and Appeals pursuant to § 124.206, or reapply to the program pursuant to § 124.207.

[85 FR 66185, Oct. 16, 2020]

authority: 15 U.S.C. 634(b)(6), 636(j), 637(a), 637(d), 644, 42 U.S.C. 9815; and Pub. L. 99-661, 100 Stat. 3816; Sec. 1207, Pub. L. 100-656, 102 Stat. 3853; Pub. L. 101-37, 103 Stat. 70; Pub. L. 101-574, 104 Stat. 2814; Sec. 8021, Pub. L. 108-87, 117 Stat. 1054; and Sec. 330, Pub. L. 116-260

source: 63 FR 35739, June 30, 1998, unless otherwise noted.

cite as: 13 CFR 124.205