Application evaluation and award provisions.

CFR · 2024-01-01 · US · Title 7

(a) (1) The type and complexity of the financing ( (2) Loans to borrowers engaged in industries where the lender has little or no origination and/or servicing experience. (b) (1) If the Agency's evaluation and determination in accordance with this paragraph (b) is favorable, the Agency will proceed in accordance with paragraph (c) of this section. (2) If the Agency's evaluation and determination in accordance with this paragraph (b) is unfavorable, the Agency will notify the lender, in writing, as applicable, identifying the reason(s) for determining ineligibility and any applicable appeal or review rights. No further processing of the application will occur. (c) (1) Lenders must provide necessary information related to determining the score, if requested by the Agency. To the extent possible, lenders should consider the established priorities of the Agency when submitting projects for a (2) The Agency may establish a minimum priority score for each guarantee program. The Agency will, if established, publish the minimum score in a document in the (d) (1) If the remaining funds are insufficient to fund the next highest scoring application completely, the Agency will notify the lender and offer the lender the opportunity to accept the remaining funds. If the lender does not accept the offer, the Agency will process the next highest scoring application. (2) If the remaining funds are insufficient to fund each application that receives the same priority score, the Agency will not

official document · source cfr-2024 · id 7:§ 5001.315