Substantial Economic Injury Law and Legal Definition
According to 13 CFR 123.500 [Title 13 -- Business Credit and Assistance; Chapter I -- Small Business Administration; Part 123 -- Disaster Loan Program; Subpart F -- Military Reservist Economic Injury Disaster Loans], substantial economic injury means “an economic harm to the small business such that it cannot:
(1) Meet its obligations as they mature,
(2) Pay its ordinary and necessary operating expenses, or
(3) Market, produce or provide a product or service ordinarily marketed, produced or provided by the business. Loss of anticipated profits or a drop in sales is not considered substantial economic injury for this purpose.”
Legal Definition list
- Substantial Danger
- Substantial Damage [National Transportation Safety Board]
- Substantial Copy
- Substantial Compliance
- Substantial Completion
- Substantial Economic Injury
- Substantial Employer
- Substantial Evidence
- Substantial Gainful Activity
- Substantial Impairment
- Substantial Impediment to Employment [Education]
