StacksVerified U.S. regulatory reference

13 CFR §120.828

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)A CDC is required to receive SBA approval of at least four 504 loan approvals during two consecutive fiscal years.
  2. (b)A CDC's 504 loan portfolio must be diversified by business sector.