Oregon Administrative Rules
Chapter 274 - DEPARTMENT OF VETERANS' AFFAIRS
Division 13 - VETERANS' SMALL BUSINESS REPAIR LOAN PROGRAM
Section 274-013-0020 - Eligibility
Universal Citation: OR Admin Rules 274-013-0020
Current through Register Vol. 63, No. 9, September 1, 2024
(1) To be eligible for a Program loan, an Applicant must satisfy the definition of Applicant given in OAR 274-013-0010 and meet the following criteria:
(a) The Applicant must own a Controlling
Interest in a Small Business;
(b)
The Small Business must have incurred a Setback due to the relevant Veteran's
Mobilization or Deployment. The Department may consider factors including, but
not limited to the following in determining whether or not a Small Business has
incurred a Setback:
(A) Whether or not the
Small Business has experienced a material diminution or loss of income,
customers, suppliers, operational integrity, relative competitive position or
good will;
(B) Whether or not the
Small Business has experienced an extraordinary depreciation in or loss of
goods or capital; and
(C) Whether
or not any factor identified in Subparagraphs (A) or (B) occurred during the
relevant Veteran's Mobilization or Deploy ment or as a demonstrable consequence
of such Mobilization or Deployment.
(c) The Applicant must apply to the
Department for a Program loan within 12 months after the relevant Veteran's
Demobilization or the date upon which the relevant Veteran would have been
Demobilized but for his or her demise while on active duty.
(d) The relevant Veteran must have been
discharged under honorable conditions or been eligible for honorable discharge
at the time of his or her demise while on active duty.
(2) To be eligible for a Program loan, an Applicant also must complete and deliver to the Department an application, including other information and documents as required by the Department, in a manner consistent with Program requirements.
Stat. Auth.: 2008 OL Ch. 18 & ORS 406.005
Stats. Implemented: 2008 OL Ch. 18
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