Report 10-10 - Audit of the Premier Certified Lenders in the Section 504 Loan Program
… to clarify and properly characterize issues noted with loans made by one of the Preferred Certified Lenders. These … for-profit businesses. CDCs typically originate CDC/504 loans and forward them to SBA for approval. Lenders granted … PCL status are able to approve, close and service CDC/504 loans with SBA only reviewing the loan requests for …