CDC Best Practices Guidance - Investment in Other Economic Development Activities
… with certain 504 Loan Program Requirements. Support SBA requires 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 … the CDC’s Annual Report (13 CFR § 120.830(a)(4)). Tab 1 of SBA Form 1253 (CDC Annual Report Guide) sets forth the …