CERTIFICATION PROCEDURES TO BECOME A CDC

• § 120.810 - Applications for certification as a CDC.

• § 120.812 - Probationary period for newly certified CDCs.

• § 120.800 - [Reserved]

• § 120.801 - How a 504 Project is financed.

• § 120.802 - Definitions.

REQUIREMENTS FOR CDC CERTIFICATION AND OPERATION

• § 120.816 - CDC non-profit status and good standing.

• § 120.818 - Applicability to existing for-profit CDCs.

• § 120.820 - CDC Affiliation.

• § 120.821 - CDC Area of Operations.

• § 120.823 - CDC Board of Directors.

• § 120.824 - Professional management and staff, and contracts for services.

• § 120.825 - Financial ability to operate.

• § 120.826 - Basic requirements for operating a CDC.

• § 120.827 - Other services a CDC may provide to small businesses.

• § 120.828 - Minimum level of 504 loan activity and restrictions on portfolio concentrations.

• § 120.829 - Job Opportunity average a CDC must maintain.

• § 120.830 - Reports a CDC must submit.

EXTENDING A CDC'S AREA OF OPERATIONS

• § 120.835 - Application to expand an Area of Operations.

• § 120.837 - SBA decision on application for a new CDC or for an existing CDC to expand Area of Operations.

• § 120.839 - Case-by-case application to make a 504 loan outside of a CDC's Area of Operations.

ACCREDITED LENDERS PROGRAM (ALP)

• § 120.840 - Accredited Lenders Program (ALP).

• § 120.841 - Qualifications for the ALP.

• § 120.842 - ALP Express Loans.

PREMIER CERTIFIED LENDERS PROGRAM

• § 120.845 - Premier Certified Lenders Program (PCLP).

• § 120.846 - Requirements for maintaining and renewing PCLP status.

• § 120.847 - Requirements for the Loan Loss Reserve Fund (LLRF).

• § 120.848 - Requirements for 504 loan processing, closing, servicing, liquidating, and litigating by PCLP CDCs.

OTHER CDC REQUIREMENTS

• § 120.851 - CDC ethical requirements.

• § 120.852 - [Reserved]

• § 120.853 - Inspector General audits of CDCs.

• § 120.857 - Voluntary transfer and surrender of CDC certification.

PROJECT ECONOMIC DEVELOPMENT GOALS

• § 120.860 - Required objectives.

• § 120.861 - Job creation or retention.

• § 120.862 - Other economic development objectives.

LEASING POLICIES SPECIFIC TO 504 LOANS

• § 120.870 - Leasing Project Property.

• § 120.871 - Leasing part of Project Property to another business.

LOAN-MAKING POLICIES SPECIFIC TO 504 LOANS

• § 120.880 - Basic eligibility requirements.

• § 120.881 - Ineligible Projects for 504 loans.

• § 120.882 - Eligible Project costs for 504 loans.

• § 120.883 - Eligible administrative costs for 504 loans.

• § 120.884 - Ineligible costs for 504 loans.

INTERIM FINANCING

• § 120.890 - Source of interim financing.

• § 120.891 - Certifications of disbursement and completion.

• § 120.892 - Certifications of no adverse change.

PERMANENT FINANCING

• § 120.900 - Sources of permanent financing.

THE BORROWER'S CONTRIBUTION

• § 120.910 - Borrower contributions.

• § 120.911 - Land contributions.

• § 120.912 - Borrowed contributions.

• § 120.913 - Limitations on any contributions by a Licensee.

THIRD PARTY LOANS

• § 120.920 - Required participation by the Third Party Lender.

• § 120.921 - Terms of Third Party loans.

• § 120.922 - Pre-existing debt on the Project Property.

• § 120.923 - Policies on subordination.

• § 120.925 - [Reserved]

• § 120.926 - Referral fee.

504 LOANS AND DEBENTURES

• § 120.930 - Amount.

• § 120.931 - 504 Lending limits.

• § 120.932 - Interest rate.

• § 120.933 - Maturity.

• § 120.934 - Collateral.

• § 120.935 - Deposit from the Borrower that a CDC may require.

• § 120.937 - Assumption.

• § 120.938 - Default.

• § 120.939 - Borrower prohibition.

• § 120.940 - Prepayment of the 504 loan or Debenture.

• § 120.941 - Certificates.

DEBENTURE SALES AND SERVICE AGENTS

• § 120.950 - SBA and CDC must appoint agents.

• § 120.951 - Selling agent.

• § 120.952 - Fiscal agent.

• § 120.953 - Trustee.

• § 120.954 - Central Servicing Agent.

• § 120.955 - Agent bonds and records.

• § 120.956 - Suspension or revocation of brokers and dealers.

CLOSINGS

• § 120.960 - Responsibility for closing.

• § 120.961 - Construction escrow accounts.

SERVICING

• § 120.970 - Servicing of 504 loans and Debentures.

FEES

• § 120.971 - Allowable fees paid by Borrower.

• § 120.972 - Third Party Lender participation fee and CDC fee.

AUTHORITY OF CDCS TO PERFORM LIQUIDATION AND DEBT COLLECTION LITIGATION

• § 120.975 - CDC Liquidation of loans and debt collection litigation.

ENFORCEABILITY OF 501, 502 AND 503 LOANS AND OTHER LAWS

• § 120.990 - 501, 502 and 503 loans.

• § 120.991 - Effect of other laws.