Małe firmy · 5.05.1998

Business Loan Program

This proposed rule would implement Pub. L. 104-208, enacted on September 30, 1996, and Pub. L. 105-135, enacted on December 2, 1997, with respect to SBA financing in the 504 Program, and would clarify existing regulations. In the 504 program, the proposed regulations would authorize multiple businesses to obtain SBA financing for a specific 504 Project, allow a 504 Borrower to lease long term no more than 20 percent of the 504 Project, describe how much a Borrower must contribute to a 504 Project, and modify allowable fees paid by a Borrower, Third Party Lender, and CDC. In addition, the proposed rule would allow certain fees incurred by a CDC in the closing of a 504 loan, up to $2,500 per closing, to be eligible administrative costs.