Report 10-10 - Audit of the Premier Certified Lenders in the Section 504 Loan Program
… from the proceeds of a debenture issued by the CDC that is 100-percent guaranteed by SBA. The borrower’s contribution is at least 10 percent. CDCs that are active lenders in good … that CDC-approved loans be of such sound value or so secure as to reasonably ensure repayment. According to SOP 50 …