Search

… 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 …

… 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 … Operating Procedures and Notices. II. HOW TO BECOME A CERTIFIED DEVELOPMENT COMPANY (CDC) A. Non-Profit Status - 13 CFR§120.820 A CDC must be a …

… 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 …

… rules, regulations and policies, not to replace them. If a conflict should arise between this general list of … an exception to policy X X Take any action that confers a Preference, or results in the appearance of a Preference on … X X Modification of Collateral Requirements ‐ Chapter 8 PCLP CDCs Non-PCLP CDCs Subordinate lien position   X …

… Development Company (CDC) Small Business Finance, a California-based SBA 504 CDC Lender, Community Advantage … annually by the U.S. Small Business Administration to a mission-focused lender that has distinguished itself in … recipients totaled 254 historically, benefitting from $8.3 million in financing. In FY17 alone, they funded $1.4 …

… that is being handled by the CDC. Support CDCs use this as a cover page/summary. File size: 15KB | Download .xlsx for / …

… in entrepreneurship. This NVSBW, we will look back on a decade of celebrating America’s veteran and military spouse … Kerrie. Michael and Kerrie had always dreamed of opening a brewery to honor Michael’s father and grandfather, who were lifelong home brewers. To turn their dream into a reality, Michael and Kerrie knew they needed assistance …

… Veterans Small Business Week (#NVSBW23) highlighting a local veteran-owned small business with a recipe for sweet success. Inspired by an old military term that provided a vision during a deployment to Afghanistan in 2008, owner …

… and other small business vendors can leverage to plow a path for success. U.S. Small Business Administration The … and other small business vendors can leverage to plow a path for success. SBA resource partners.  Have you been … . Financing options. SBA loan programs like the  7(a) make it easier for small businesses to obtain the working …