Which of the following applicants is not eligible for EM loan assistance?

The eligibility criteria for Emergency (EM) loan assistance include specific restrictions regarding the applicant's financial situation and past loan history. An entity applicant whose gross farm income is less than 50% of the total gross income from all sources is not eligible for EM loan assistance, as the program is designed to support those primarily engaged in farming and with a significant agricultural income. This requirement ensures that the financial stability of the farming operation is a priority, and that the assistance is directed towards applicants with a clear stake in their agricultural business.

In contrast, the other options represent scenarios wherein the applicant may still be considered for EM assistance despite their situations. For instance, individuals currently operating under a bankruptcy plan, those who have received more than five EM loans in the past, and those who have received debt forgiveness on FSA debt prior to a specific date can still potentially qualify based on various factors, such as their current financial viability or specific program regulations. The focus of EM loans is to aid farmers affected by disasters, making the income source and reliance on farming a key factor in eligibility.