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15 U.S. Code § 1843

Limitations and conditions of loan guarantees

15 U.S. Code § 1843. Limitations and conditions of loan guarantees

(a) Necessary findingsA guarantee of a loan may be made under this chapter only if—
(1)
the Board finds that (A) the loan is needed to enable the borrower to continue to furnish goods or services and failure to meet this need would adversely and seriously affect the economy of or employment in the Nation or any region thereof, (B) credit is not otherwise available to the borrower under reasonable terms or conditions, and (C) the prospective earning power of the borrower, together with the character and value of the security pledged, furnish reasonable assurance that it will be able to repay the loan within the time fixed, and afford reasonable protection to the United States; and
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