President Biden announced important changes to the PPP, including a two-week window for businesses with fewer than 20 employees.
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CDC has agreed to make a loan (the 504 Loan) to Borrower and Co-Borrower, if any (Borrower) for purposes of financing the Project described in the “Authorization for Debenture Guarantee (SBA 504 Loan),” as amended (the Authorization). The 504 Loan will be funded by a debenture issued by CDC and guaranteed by the U.S. Small Business Administration (SBA). One of the conditions for the 504 Loan is that Interim Lender executes this Interim Lender Certification.

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Supplemental Information for PCLP Processing

PCLP Quarterly Loan Loss Reserve Report.

Loan Loss Reserve Fund Deposit Account Control Agreement.

For value received, Premier CDC hereby grants to SBA a security interest (the “Security Interest”) in the collateral described below to secure the payment and performance of the obligations herein specified. Premier CDC also authorizes SBA, without further notice to or consent by Premier CDC, to file any records necessary to perfect, continue, amend, or terminate the Security Interest.

This certification is required by the regulations implementing Executive Order 12549, Debarment and Suspension, 13 CFR Part 145. The regulations were published as Part VII of the May 26, 1988 Federal Register (pages 19160-19211).  Copies of the regulations may be obtained by contacting the person to which this proposal is submitted.

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