---
kind: "section"
citation: "7 C.F.R. § 1738.208"
title: "7"
number: "1738.208"
heading: "Award determinations."
url: "https://uscodex.org/cfr/7/1738.208"
---

# §1738.208. Award determinations.

- (a) If the loan or loan/grant combination application meets all statutory and regulatory requirements and the feasibility study demonstrates that the Net worth and TIER, CR, or DSCR requirements in [§ 1738.206(b)(2)(i)](/cfr/7/1738.206.md?p=b-2-i) can be satisfied and the business plan is sustainable, the application will be submitted to the Agency's credit committees for consideration according to the priorities in [§ 1738.105](/cfr/7/1738.105.md). Such submission of an application to the Agency's credit committees does not guarantee that a loan or loan/grant combination will be approved. In making a loan and/or loan/grant combination Award determination, the Administrator shall consider the recommendations of the credit committees.
- (b) The Applicant will be notified of the Agency's decision in writing. If the Agency does not approve the loan or loan/grant combination, a rejection letter will be sent to the Applicant, and the application will be returned with an explanation of the reasons for the rejection.

## Notes

### Authority

Authority: 7 U.S.C. 901 et seq.

### Source

Source: 85 FR 14398, Mar. 12, 2020, unless otherwise noted.