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… on the Council of Economic Advisers, where he played a vital role in crafting the economic policies that led to record economic growth and prosperity.   A Harvard graduate, Dr. Mulligan earned his Ph.D. from the University of Chicago, where he served as a professor of economics.  In addition to his academic work, …

… headquarters in Washington, D.C. The agency has not had a Senate-confirmed Chief Counsel for Advocacy in more than … “I’m excited to welcome Dr. Casey Mulligan to the SBA as a key partner in our effort to end costly regulatory … said SBA Administrator Kelly Loeffler.  “With a distinguished background in economics, Dr. Mulligan …

… 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 … Rate, Direct Interest Rate and Maximum Interest Rate of a Third Party Lender Loan for a 504 Project 5000-869194 : …

… to create or retain jobs within their communities. A CDC’s portfolio must maintain a minimum average of one Job Opportunity (full time or … of 504 funds, or retained in the community because of a 504 loan) for every $65,000 of project debenture ($75,000 …

… 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: … the internal control function; (3) direct the operation of a program to review and assess the CDC’s 504 loans; and (4) …

… 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 … current activity in non-504 SBA loan programs (including 7(a) packaging, Microloan, and Community Advantage); (2) a …

… 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 … package. Among other things, Form 2101 at paragraph 7.a. requires a CDC to certify, to the best of its knowledge …

… DIRECTORS – 13 CFR§120.823 - revised 1. The CDC must have a Board of Directors chosen from the Membership by the … a CDC may be affiliated, included: An entity (other than a 7(a) lender or another CDC) whose function is economic … 13 CFR § 120.820(b) A for-profit entity (other than a 7(a) Lender) whose function is economic development in the …

… 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 …

… for each 504 loan, the SBA can guarantee payment of a debenture issued by the CDC, the proceeds of which the CDC …

… guide outlines requirements for an application to become a CDC. Support CDC CERTIFICATION GUIDE I. INTRODUCTION The … A CDC may be affiliated with an entity (other than a 7(a) Lender or another CDC) whose function is economic … CFR §121.103) with or invest, directly or indirectly, in a 7(a) Lender. A CDC that was affiliated with a 7(a) Lender as …

… Real Estate Appraisal CDC checklist for submitting a real estate appraisal. Support CDC Checklist for Submitting … Remove download button Off … CDC checklist for submitting a real estate appraisal. … CDC Checklist for Submitting Real …

… purchased loans in liquidation status. SBA form A CDC must submit a Quarterly Delinquency Report to the appropriate SBA Loan … has been purchased Within 15 business days of receiving a notice that the debenture was purchased, and every 90 days …