(a) Applicants will receive notice of approval or denial of an SISMBD Loan or a request for an advance under such loan by SBA through written correspondence.
(b) If a loan request is approved, SBA will issue a Commitment Letter.
(c) Notice of a denial will include the specific reasons for the decision.
(d) SBA reserves the right to reject any request for a loan or an advance, in whole or in part, in its sole discretion.