86. Re: Your Question Last Week Regarding SBA Tuesday, April 18, 2017 3:54 PM

  • 2-24-2019
  • 86

From: Pope, Rep. (District Office)

Sent: Tuesday, April 18, 2017 3:54 PM

To: Pat Forbes

Cc: Julie Baxter Payer

Subject: Re: Your Question Last Week Regarding SBA

Thank you for the information.

RHONDA BYRD
Legislative Assistant
State Representative J. Rogers Pope

On Apr 17, 2017, at 5:18 PM, Pat Forbes wrote:

Representative Pope,

In response to your question last week about whether an SBA loan would still be considered a duplication of benefits if it were paid back before the program grant becomes available, the answer is yes, it would still be a DOB. The approval and then drawing of funds is what triggers the DOB, not the loan balance. Please let me know if you have additional questions.

Pat Forbes

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