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… to create or retain jobs within their communities. A CDC’s portfolio must maintain a minimum average of one Job Opportunity (full time or … of 504 funds, or retained in the community because of a 504 loan) for every $65,000 of project debenture ($75,000 …

… such requirements are revised from time-to-time. Overview A Certified Development Company’s (CDC) Board of Directors is … (13 CFR § 120.823(d)(13) and 13 CFR § 120.826(b)). At a minimum, the Board-adopted internal control policies must: … the internal control function; (3) direct the operation of a program to review and assess the CDC’s 504 loans; and (4) …

… that any funds generated from 504 loan activity by a CDC remaining after payment of staff and overhead expenses must be retained by the CDC as a reserve for future operations or invested in other local … current activity in non-504 SBA loan programs (including 7(a) packaging, Microloan, and Community Advantage); (2) a …

… Requirements. Support In connection with the closing of a 504 loan, 13 CFR § 120.892(c) and SOP 50 10 require a CDC to issue an opinion that to the best of its knowledge … package. Among other things, Form 2101 at paragraph 7.a. requires a CDC to certify, to the best of its knowledge …

… DIRECTORS – 13 CFR§120.823 - revised 1. The CDC must have a Board of Directors chosen from the Membership by the … a CDC may be affiliated, included: An entity (other than a 7(a) lender or another CDC) whose function is economic … 13 CFR § 120.820(b) A for-profit entity (other than a 7(a) Lender) whose function is economic development in the …

… changes must be made prior to April 21, 2015 in order for a CDC to be in compliance with the regulations as revised. … in amending Bylaws and restructuring the CDC. It is not a substitute for specific 504 program regulations. Active … comply with the new requirements in their application. A summary of the major bylaws changes as a result of the …

… for each 504 loan, the SBA can guarantee payment of a debenture issued by the CDC, the proceeds of which the CDC …

… guide outlines requirements for an application to become a CDC. Support CDC CERTIFICATION GUIDE I. INTRODUCTION The … A CDC may be affiliated with an entity (other than a 7(a) Lender or another CDC) whose function is economic … CFR §121.103) with or invest, directly or indirectly, in a 7(a) Lender. A CDC that was affiliated with a 7(a) Lender as …

… Real Estate Appraisal CDC checklist for submitting a real estate appraisal. Support CDC Checklist for Submitting … Remove download button Off … CDC checklist for submitting a real estate appraisal. … CDC Checklist for Submitting Real …

… purchased loans in liquidation status. SBA form A CDC must submit a Quarterly Delinquency Report to the appropriate SBA Loan … has been purchased Within 15 business days of receiving a notice that the debenture was purchased, and every 90 days …

… rules, regulations and policies, not to replace them. If a conflict should arise between this general list of … an exception to policy X X Take any action that confers a Preference, or results in the appearance of a Preference on … Contaminated Property X X Modification of Note - Chapter 7 (Cannot be done prior to Debenture purchase) PCLP CDCs …

… Development Company (CDC) Small Business Finance, a California-based SBA 504 CDC Lender, Community Advantage … annually by the U.S. Small Business Administration to a mission-focused lender that has distinguished itself in … expansion of small businesses in underserved markets with a demonstrable impact on the communities it serves.  Raskind …

… that is being handled by the CDC. Support CDCs use this as a cover page/summary. File size: 15KB | Download .xlsx for / …

… in entrepreneurship. This NVSBW, we will look back on a decade of celebrating America’s veteran and military spouse … Kerrie. Michael and Kerrie had always dreamed of opening a brewery to honor Michael’s father and grandfather, who were lifelong home brewers. To turn their dream into a reality, Michael and Kerrie knew they needed assistance …

… Veterans Small Business Week (#NVSBW23) highlighting a local veteran-owned small business with a recipe for sweet success. Inspired by an old military term that provided a vision during a deployment to Afghanistan in 2008, owner …