Current through November 7, 2024
Section 16a-43-5 - Eligibility(a) In order to be eligible for a small home heating oil dealer loan, the applicant must: (1) be a small home heating oil dealer as defined in subsection (a) of Section 16a-43 of the General Statutes;(2) represent that such applicant is unable to obtain sufficient assistance through programs of the Federal Small Business Administration or in the event 30 days or more have elapsed since such applicant submitted application for assistance to the Small Business Administration and such application has not been acted upon; and(3) demonstrate, to the satisfaction of the Commissioner, that such applicant will be unable to properly finance oil purchases without state assistance.(b) In order to be eligible for a business emergency relief loan, the applicant must:(1) be a business concern as defined in these regulations;(2) represent that such applicant was adversely affected by a disaster emergency;(3) represent that a loan is required in order to repair, reclaim or replace (C) real property and improvements thereon,(E) crops which were damaged, destroyed or otherwise adversely affected by a disaster emergency;
(4) demonstrate that such applicant is unable to obtain sufficient assistance through programs of the federal government, or in the event 30 days or more have elapsed since such applicant submitted application for assistance under a program of the federal government and such application has not been acted upon;(5) file an application for a business emergency relief loan within 1 year of the date of the Governor's proclamation of a disaster emergency; and(6) demonstrate, to the satisfaction of the Commissioner that such applicant will be unable to properly finance all the repair, reclamation or replacement expense without state assistance.Conn. Agencies Regs. § 16a-43-5