1. LawStack
  2. Title 13 - Business Credit and Assistance
  3. Chapter I - SMALL BUSINESS ADMINISTRATION
  4. Part 120 - BUSINESS LOANS
  5. Subpart H - Development Company Loan Program (504)
  6. Topic - Requirements for CDC Certification and Operation
  7. 13 CFR § 120.828
13 CFR § 120.828
Minimum level of 504 loan activity and restrictions on portfolio concentrations
November 10, 2020
CFR

(a) A CDC is required to receive SBA approval of at least four 504 loan approvals during two consecutive fiscal years.

(b) A CDC's 504 loan portfolio must be diversified by business sector.

[68 FR 57981, Oct. 7, 2003]

Previous
§ 120.827 Other services a CDC may provide to small businesses
Next
§ 120.829 Job Opportunity average a CDC must maintain

Tried the LawStack mobile app?

Join thousands and try LawStack mobile for FREE today.

  • Carry the law offline, wherever you go.
  • Download CFR, USC, rules, and state law to your mobile device.

Designed and built by Tekk Innovations LLC, the makers of the LawStack iPhone app or Android app.

© 2020 Tekk Innovations LLC