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… for / Related programs: CDC/504 Activity Servicing SOP 50 55 504 Loan Servicing and Liquidation Remove download …

… written consent from the SBA. As defined in 13 CFR § 120.10 , preference is any arrangement giving a CDC a preferred … all amendments  Additional guidance can be found in SOP 50 55 , Chapter 6. For those CDC actions requiring SBA … you have any questions, please feel free to check out  SOP 50 55 , Chapter 6, or contact the Commercial Loan Service …

… all from Procedural notices 5000-866946 : Revisions to SOP 50 57 3.1 5000-866498 : SBA Procedural Notice 5000-866498 5000-866054 … Procedural Notice 5000-866054 SOPs See all from SOPs 50 10 : Lender and Development Company Loan Programs 50 56 1 : …

… dated by an authorized employee of the borrower. Version 10/2017 | File size: 336KB | Download .pdf for 10/2017 / Related programs: CDC/504 Activity General SOP 50 10 Lender and Development Company Loan Programs Remove …

… SBA, SBA’s Standard Operating Procedures (SOPs) (including 50 10 (Lender and Development Company Loan Programs) and 50 55 … the Board-adopted internal control policies must: (1) direct CDC Management to assign the responsibility for the …

… reserves for operations,” and under 13 CFR § 120.823(d)(10), the Board must ensure that the CDC “invests in economic … for the required Report on Compensation. Version 10/2017 | File size: 317KB | Download .pdf for 10/2017 / Related programs: CDC/504 Activity General Remove …

… separately approve the investment (13 CFR § 120.823(d)(10)). A CDC is required to submit a written report on … with the CDC’s Annual Report (13 CFR § 120.830(a)(4)). Tab 1 of SBA Form 1253 (CDC Annual Report Guide) sets forth the … current activity in non-504 SBA loan programs (including 7(a) packaging, Microloan, and Community Advantage); (2) a …

… the closing of a 504 loan, 13 CFR § 120.892(c) and SOP 50 10 require a CDC to issue an opinion that to the best of its … package. Among other things, Form 2101 at paragraph 7.a. requires a CDC to certify, to the best of its knowledge …

… from the commercial lending field must comprise less than 50% of the representation on the Board. 3. No person who is a … a CDC may be affiliated, included: An entity (other than a 7(a) lender or another CDC) whose function is economic … may be through any format permitted by state law. 10. When the Board votes on SBA loan approval or servicing …

… Format - any permitted by state law Quorum - no less than 50% of the Board 120.823 (d) Committees - optional but if … of Directors. Commercial lenders must represent less than 50% of the Board No Board member may serve on the Board of …

… quorum shall be set by the CDC, but shall be no less than 50% of the voting members of the Board of Directors. The … the requirements in the most current version of SOP 50 10. Board Members must also submit SBA Form 1081 and if they … A CDC may be affiliated with an entity (other than a 7(a) Lender or another CDC) whose function is economic …

… for / Related programs: CDC/504 Activity Servicing SOP 50 55 504 Loan Servicing and Liquidation Remove download …

… / Related programs: CDC/504 Activity Servicing SOP 50 55 504 Loan Servicing and Liquidation Remove download …

… Contaminated Property X X Modification of Note - Chapter 7 (Cannot be done prior to Debenture purchase) PCLP CDCs … collateral   X Release lien on collateral w/ FMV ≤ 10% of Debenture amount or $10,000     Release of lien on … 14, 2014 Related programs: CDC/504 Activity Servicing SOP 50 55 504 Loan Servicing and Liquidation Remove download …

… $8.3 million in financing. In FY17 alone, they funded $1.4 million in SBA microloans, more than doubling the capital …

… for / Related programs: CDC/504 Activity Liquidation SOP 50 55 504 Loan Servicing and Liquidation Remove download …