Małe firmy · 3.08.2020

504 Debt Refinancing Without Expansion-Borrower's Contribution for Projects Involving Limited or Single Purpose Buildings During Recession

The U.S. Small Business Administration ("SBA") is announcing that, due to an economic recession as determined by the National Bureau of Economic Research, Borrowers in the 504 Loan Program may contribute not less than 10%, instead of not less than 15%, to Projects involving limited or special purpose buildings or structures when refinancing debt without expansion. The lower required contribution will be in effect until the first day of the calendar quarter following the end of the economic recession as determined by the National Bureau of Economic Research or its equivalent.