Search

… statement:  “President Trump acted swiftly and in a bipartisan manner to support our nation’s 30 million small … makes the American dream of business ownership a reality. As the only go-to resource and voice for small … to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an …

… financing available as part of the CARES Act. SBA form A form for lenders participating in the Paycheck Protection …

… Plus Quality Ingredients Equal Success Charlie Downs knows a bit about running businesses. After all, he has started or taken over 39 restaurants since 1982 (after owning a restaurant supply company). He is co-owner of the … for him now, so it only takes him about 15 minutes a day to check the expenses for all his restaurants and how …

… | Download .pdf for / November 7, 2023 Related programs: 7(a) Activity Guaranty purchase Remove download button Off … …

… Caron Beesley Caron Beesley is a small business owner, a writer, and marketing communications consultant. Caron …

… For many small business owners, August’s steamy days bring a brief lull before things pick up again in the fall. Rieva … Rieva Lesonsky is CEO and President of GrowBiz Media, a media company that helps entrepreneurs start and grow their … For many small business owners, August’s steamy days bring a brief lull before things pick up again in the fall. That …

… CDC/504 Checklist for Submitting a Loan Request CDC checklist for submitting a 504 loan application. Support File size: 27KB | Download … Remove download button Off … CDC checklist for submitting a 504 loan application. … CDC/504 Checklist for Submitting a …

… outlines the information required to be included in a CDC Liquidation Plan. Support A 504 Liquidation Plan is a CDC's written plan outlining the actions it intends to take …

… submit hundreds of unilateral servicing actions to a Commercial Loan Service Center every month. Content … requirements. It is recommended that the CDC retain a copy of the matrix in effect at the time of the request and … are reminded that any action taken by the CDC that confers a preference or engages them in an activity that creates a …

… for CDCs authorized by SBA to issue 504 loans, or find a CDC near you. Become a CDC Log in to CAFS Related documents Information notices … Information notices 5000-868665 : Issuance of SOP 50 10 8 with Technical Updates 5000-866746 : Information Notice …

… to create or retain jobs within their communities. A CDC’s portfolio must maintain a minimum average of one Job Opportunity (full time or … Guide) defines “Jobs Created” as full-time equivalent (8 productive hours per day/40 productive hours per week) …

… such requirements are revised from time-to-time. Overview A Certified Development Company’s (CDC) Board of Directors is … (13 CFR § 120.823(d)(13) and 13 CFR § 120.826(b)). At a minimum, the Board-adopted internal control policies must: … Ratings”) and Industry Concentrations (13 CFR §120.823(d)(8)). 3. What is the CDC Board of Directors Annual …

… 13 CFR §120.823(d)(3), the Board of Directors (Board) of a Certified Development Company (CDC) is responsible for … the CDC manager and reviewing all salaries.” The Board has a duty to carry out this responsibility with “…no actual or appearance of a conflict of interest.” Additionally, under 13 CFR § …

… that any funds generated from 504 loan activity by a CDC remaining after payment of staff and overhead expenses must be retained by the CDC as a reserve for future operations or invested in other local … activity in its Area of Operations (13 CFR § 120.825). A CDC’s Board of Directors is required to ensure that a CDC’s …

… Requirements. Support In connection with 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 knowledge … must retain the CDC Finding in their files. SBA may review a CDC Finding by a CDC with ALP or PCLP status in connection …

… DIRECTORS – 13 CFR§120.823 - revised 1. The CDC must have a Board of Directors chosen from the Membership by the … for CDC staff decisions and actions. 7. No change 8. Vacancies must be filled from the Membership by the members. 8. CDC Boards are self-perpetuating. The CDC Board elects new …

… changes must be made prior to April 21, 2015 in order for a CDC to be in compliance with the regulations as revised. … in amending Bylaws and restructuring the CDC. It is not a substitute for specific 504 program regulations. Active … comply with the new requirements in their application. A summary of the major bylaws changes as a result of the …