sch.7-sec.7Maximum loan amount

### sch.7-sec.7 Maximum loan amount The amount of a loan to an applicant under the scheme for an eligible disaster— is based on the authority’s assessment of the applicant’s financial position, including any amount recovered by the applicant under an insurance policy; and must not be more than the amount of essential working capital the authority considers is reasonably required for the applicant’s primary production enterprise, small business or non-profit activities for 1 year. However, the amount of a loan to an applicant under the scheme for an eligible disaster must not be more than $100,000. sch 7 s 7 prev sch 7 s 7 om 2014 SL No. 51 s 6 pres sch 7 s 7 ins 2014 SL No. 169 s 5 (sch.7-sec.7-ssec.1) The amount of a loan to an applicant under the scheme for an eligible disaster— is based on the authority’s assessment of the applicant’s financial position, including any amount recovered by the applicant under an insurance policy; and must not be more than the amount of essential working capital the authority considers is reasonably required for the applicant’s primary production enterprise, small business or non-profit activities for 1 year. (sch.7-sec.7-ssec.2) However, the amount of a loan to an applicant under the scheme for an eligible disaster must not be more than $100,000. - (a) is based on the authority’s assessment of the applicant’s financial position, including any amount recovered by the applicant under an insurance policy; and - (b) must not be more than the amount of essential working capital the authority considers is reasonably required for the applicant’s primary production enterprise, small business or non-profit activities for 1 year.