13 C.F.R. § 120.839 Case-by-case application to make a 504 loan outside of a CDC's Area of Operations.
Title 13 - Business Credit and Assistance
A CDC may apply to make a 504 loan for a Project outside its Area of Operations to the District Office serving the area in which the Project will be located. The applicant CDC must demonstrate that it can adequately fulfill its 504 program responsibilities for the 504 loan, including proper servicing. The District Office may approve the application if: (a) The applicant CDC has previously assisted the business to obtain a 504 loan; or (b) The existing CDC or CDCs serving the area agree to permit the applicant CDC to make the 504 loan; or (c) There is no CDC within the Area of Operations. [68 FR 57982, Oct. 7, 2003]
Title 13: Business Credit and Assistance
PART 120—BUSINESS LOANS
Subpart H—Development Company Loan Program (504)
Extending a CDC'S Area of Operations
§ 120.839 Case-by-case application to make a 504 loan outside of a CDC's Area of Operations.
