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Title 13

Displaying title 13, up to date as of 7/13/2026. Title 13 was last amended 6/11/2026.
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Title 13Business Credit and AssistancePart / Section
Chapter ISmall Business Administration1 – 199
Part 120Business Loans120.1 – 120.1726
Subpart HDevelopment Company Loan Program (504)120.800 – 120.991
§ 120.800 [Reserved]
§ 120.801How a 504 Project is financed.
§ 120.802Definitions.
Certification Procedures To Become a CDC120.810 – 120.812
§ 120.810Applications for certification as a CDC.
§ 120.812Probationary period for newly certified CDCs.
Requirements for CDC Certification and Operation120.816 – 120.830
§ 120.816CDC non-profit status and good standing.
§ 120.818Applicability to existing for-profit CDCs.
§ 120.820CDC Affiliation.
§ 120.821CDC Area of Operations.
§ 120.823CDC Board of Directors.
§ 120.824Professional management and staff, and contracts for services.
§ 120.825Financial ability to operate.
§ 120.826Basic requirements for operating a CDC.
§ 120.827Other services a CDC may provide to small businesses.
§ 120.828Minimum level of 504 loan activity and restrictions on portfolio concentrations.
§ 120.829Job Opportunity average a CDC must maintain.
§ 120.830Reports a CDC must submit.
Extending a CDC'S Area of Operations120.835 – 120.839
§ 120.835Application to expand an Area of Operations.
§ 120.837SBA decision on application for a new CDC or for an existing CDC to expand Area of Operations.
§ 120.839Case-by-case application to make a 504 loan outside of a CDC's Area of Operations.
Accredited Lenders Program (ALP)120.840 – 120.842
§ 120.840Accredited Lenders Program (ALP).
§ 120.841Qualifications for the ALP.
§ 120.842ALP Express Loans.
Premier Certified Lenders Program120.845 – 120.848
§ 120.845Premier Certified Lenders Program (PCLP).
§ 120.846Requirements for maintaining and renewing PCLP status.
§ 120.847Requirements for the Loan Loss Reserve Fund (LLRF).
§ 120.848Requirements for 504 loan processing, closing, servicing, liquidating, and litigating by PCLP CDCs.
Other CDC Requirements120.851 – 120.857
§ 120.851CDC ethical requirements.
§ 120.852 [Reserved]
§ 120.853Inspector General audits of CDCs.
§ 120.857Voluntary transfer and surrender of CDC certification.
Project Economic Development Goals120.860 – 120.862
§ 120.860Required objectives.
§ 120.861Job creation or retention.
§ 120.862Other economic development objectives.
Leasing Policies Specific to 504 Loans120.870 – 120.871
§ 120.870Leasing Project Property.
§ 120.871Leasing part of Project Property to another business.
Loan-Making Policies Specific to 504 Loans120.880 – 120.884
§ 120.880Basic eligibility requirements.
§ 120.881Ineligible Projects for 504 loans.
§ 120.882Eligible Project costs for 504 loans.
§ 120.883Eligible administrative costs for 504 loans.
§ 120.884Ineligible costs for 504 loans.
Interim Financing120.890 – 120.892
§ 120.890Source of interim financing.
§ 120.891Certifications of disbursement and completion.
§ 120.892Certifications of no adverse change.
Permanent Financing120.900
§ 120.900Sources of permanent financing.
The Borrower's Contribution120.910 – 120.913
§ 120.910Borrower contributions.
§ 120.911Land contributions.
§ 120.912Borrowed contributions.
§ 120.913Limitations on any contributions by a Licensee.
Third Party Loans120.920 – 120.926
§ 120.920Required participation by the Third Party Lender.
§ 120.921Terms of Third Party loans.
§ 120.922Pre-existing debt on the Project Property.
§ 120.923Policies on subordination.
§ 120.925 [Reserved]
§ 120.926Referral fee.
504 Loans and Debentures120.930 – 120.941
§ 120.930Amount.
§ 120.931504 Lending limits.
§ 120.932Interest rate.
§ 120.933Maturity.
§ 120.934Collateral.
§ 120.935Deposit from the Borrower that a CDC may require.
§ 120.937Assumption.
§ 120.938Default.
§ 120.939Borrower prohibition.
§ 120.940Prepayment of the 504 loan or Debenture.
§ 120.941Certificates.
Debenture Sales and Service Agents120.950 – 120.956
§ 120.950SBA and CDC must appoint agents.
§ 120.951Selling agent.
§ 120.952Fiscal agent.
§ 120.953Trustee.
§ 120.954Central Servicing Agent.
§ 120.955Agent bonds and records.
§ 120.956Suspension or revocation of brokers and dealers.
Closings120.960 – 120.961
§ 120.960Responsibility for closing.
§ 120.961Construction escrow accounts.
Servicing120.970
§ 120.970Servicing of 504 loans and Debentures.
Fees120.971 – 120.972
§ 120.971Allowable fees paid by Borrower.
§ 120.972Third Party Lender participation fee and CDC fee.
Authority of CDCs To Perform Liquidation and Debt Collection Litigation120.975
§ 120.975CDC Liquidation of loans and debt collection litigation.
Enforceability of 501, 502 and 503 Loans and Other Laws120.990 – 120.991
§ 120.990501, 502 and 503 loans.
§ 120.991Effect of other laws.