Business · 30/10/2009Updated: 10/17/2026 · 1 min read
SBA Establishes Secondary Market Guarantee Program for 504 Loans
Summary
The Small Business Administration (SBA) has implemented a new rule to create a secondary market for first mortgage loans made under the 504 program, allowing investors to purchase guaranteed certificates backed by these loans, as authorized by the American Recovery and Reinvestment Act of 2009.