120.346—Eligibility.
(a)
An applicant must establish that:
(1)
The loan proceeds will significantly expand an existing export market or develop new export markets; or
(2)
The applicant business is adversely affected by import competition; and
(3)
Upgrading facilities or equipment will improve the applicant's competitive position.
(b)
The applicant must have a business plan reasonably supporting its projected export sales.