# Business Loan Program
> **US Small Business Administration** · Final rule. · Published 2000-07-11 · Effective 2000-08-10 · 65 FR 42624
## Document
- **Document number:** 00-16842
- **Category:** final-rule
- **Agency:** US Small Business Administration
- **Federal Register citation:** 65 FR 42624
- **CFR reference:** 13 CFR 120
- **Publication date:** 2000-07-11
- **Effective date:** 2000-08-10
## Abstract

In this Final Rule a Certified Development Company (CDC) will be permitted to apply to have an area of operations that goes beyond its state of incorporation, and beyond a local economic area in an adjacent state, into a contiguous state to its state of incorporation. This amendment includes specific additional membership, loan committee, and board requirements. Also in the Final Rule, for counties with a population of 100,000 or more that have an existing CDC that is adequately serving the county, an application from a new or expanding CDC will be permitted for that same county if the existing CDC has no objection. In addition, the Final Rule allows a CDC to contract out management and staff under specified circumstances. The changes implemented by this Final Rule seek to enhance competition and improve the effectiveness of the CDC program.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2000/07/11/00-16842/business-loan-program)
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