§642 Requirements for Loans

Summary

Businesses must meet three rules before the Administration gives a loan or provides equipment, facilities, or services. First, the business must tell the Administration the names of any lawyers, agents, or others it hired to speed up applications, and how much they were or will be paid. Second, the business must sign a promise that for two years after the help is given it will not hire, offer a job to, or pay for professional services from anyone who, on the day the help was given or within one year before that, was an officer, lawyer, agent, or employee of the Administration and whom the Administration says had discretion over granting help. Third, the business must give the names of lenders it applied to, with dates, amounts, terms, and proof if any refused the loan.