Report 10-10 - Audit of the Premier Certified Lenders in the Section 504 Loan Program
… guaranteed by SBA. The borrower’s contribution is at least 10 percent. CDCs that are active lenders in good … based on SBA credit standards. SBA’s role on PCL loans is limited to reviewing the PCL’s certification of applicant … PCLs. In FY 2008, the 24 PCLs approved 1,639 loans, valued at approximately $1.1 billion under PCL authority. Three of …