The US Small Business Administration (SBA) has proposed to make permanent the authority it granted to certain certified development companies (CDCs) that make loans under Title V of the Small Business Investment Act (504 loans) for creditworthiness determinations and certain other matters for certain 504 loans. The SBA announced this authority on October 6, 2023 under a pilot program which continued authority provided by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Title III of the Consolidated Appropriations Act, 2021) and implemented by the SBA in June 2022, which authority expired September 30, 2023.
Source link
SBA Proposes to Make Delegated Authority for ALP Express 504 Loans Permanent
