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Temporary 504 Express Loan Authority for Certified Development Companies Participating in the Accredited Lenders Program

SBA · final-rule · Published 2022-06-27 · Effective 2022-06-27 · 87 FR 37979

Document

Document number: 2022-13359
Federal Register citation: 87 FR 37979
CFR reference: 13 CFR 120
Type: Rule
Action: Interim final rule with request for comments.
Category: final-rule
Agency: US Small Business Administration
Publication date: 2022-06-27
Effective date: 2022-06-27

Abstract

This interim final rule implements the additional authority that the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act temporarily provides to Certified Development Companies participating in the Accredited Lenders Program with respect to 504 loans that are not more than $500,000 and that are not made to a borrower in an industry with a high rate of default, as defined by SBA.

Source

Authoritative: Federal Register document
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