15 CFR 2301.9 - Deferred applications.
(a) An applicant may reactivate an application deferred by the Agency in a prior year during the two consecutive years following the application's initial filing with the Agency; provided the applicant has not substantially changed the stated purpose of the application.
(b) To reactivate a deferred application, the applicant must file an updated application, whether mailed or hand delivered, at or before 5:00 P.M. on the closing date.
(d) Deferred applications that are resubmitted under this section and contain substantial changes will be considered as new applications.
(e) All deferred applications may be subject to a determination of eligibility during subsequent grant cycles.