{"data":{"id":"us/13-cfr-123.507","jurisdiction":"us","citation":"13 CFR 123.507","heading":"Under what circumstances will SBA consider waiving the $2 million loan limit?","body":"SBA will consider waiving the $2 million limit if you can certify to the following conditions and SBA approves of such certification based on the information supplied in your application:\n(a) Your small business is a major source of employment. A major source of employment is a business concern that, on or after the date of the disaster:\n(1) Employs 10 percent or more of the work force within the commuting area of the geographically identifiable community (no larger than a county) in which the business employing the essential employee is located, provided that the commuting area does not extend more than 50 miles from such community; or\n(2) Employs 5 percent of the work force in an industry within such commuting area and, if the small business is a non-manufacturing small business, employs no less than 50 employees in the same commuting area, or if the small business is a manufacturing small business, employs no less than 150 employees in the commuting area; or\n(3) Employs no less than 250 employees within such commuting area;\n(b) Your small business is in imminent danger of going out of business as a result of one or more essential employees being called up to active service for a period of more than 30 consecutive days, and a loan in excess of $2 million is necessary to reopen or keep open the small business; and\n(c) Your small business has used all reasonably available funds from the small business, its affiliates, its principal owners and all available credit elsewhere (as described in § 123.104) to alleviate the small business' economic injury.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 123—DISASTER LOAN PROGRAM","Subpart F—Military Reservist Economic Injury Disaster Loans"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-13.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:18Z","sha256":"5338f7591a0cb0f8a2c834a04720229ed8961698954e121ca398f60a0e82f562","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-123.506","next":"us/13-cfr-123.508"},"notice":"GroundRules: Original legal text. Not legal advice."}