Małe firmy · 8.07.2003

Development Company Loan (504) Program Changes

In response to an Advanced Notice of Proposed Rulemaking ("ANPRM") published by the U.S. Small Business Administration ("SBA" or "the Agency") on December 6, 2002, SBA solicited comments on the Certified Development Company ("CDC") Loan Program (the "CDC Program" or the "504 Program"). Based on the comments received and due to SBA's desire to improve 504 Program delivery to small businesses, SBA proposes to amend the regulations governing the 504 Program. The most significant regulations that SBA proposes to change are those governing a CDC's area of operations; a CDC's organizational structure; the requirements for a new CDC or a CDC requesting to expand its territory; the "adequately served" standard; and whether a CDC may participate in other SBA loan programs. Also, to allow for greater delegation of authority to CDCs, the proposed rule includes expanded sections on the Accredited Lender Program ("ALP"), the Premier Certified Lender Program ("PCLP") and a simplification and clarification of the enforcement provisions for CDCs. In addition, SBA proposes to increase the "job opportunity average" and to permit CDCs to approve more projects that do not meet the job creation criteri