Małe firmy · 8.11.1999

Business Loan Program

SBA proposes to amend the regulations governing Certified Development Companies (``CDCs''). This proposed rule would amend the rules governing CDC Area of Operations (the geographic area where SBA authorizes a CDC to make loans under SBA's Development Company Loan Program (``504 loan'')). The proposed rule would cover an applicant requesting to become a CDC; an existing CDC applying to expand its Area of Operations within the State in which it is chartered; an existing CDC applying to expand its Area of Operations beyond the State in which it is chartered into a contiguous bi-sected local economic area (``Local Economic Area''); and an existing CDC applying to expand its Area of Operations outside the State in which it is chartered into another State beyond a Local Economic Area. The proposed rule also revises when SBA considers a county ``adequately served'' (when the 504 loan activity within a county precludes the county from being available for inclusion in a new CDC's Area of Operations or an existing CDC's expansion request). In some cases, counties would be available for inclusion in a new CDC's Area of Operations or an existing CDC's expansion request under the proposed rule