§ 120.828 - Minimum level of 504 loan activity and restrictions on portfolio concentrations.

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§ 120.828 Minimum level of 504 loan activity and restrictions on portfolio concentrations.

(a) A CDC is required to receive SBA approval of at least four 504 loan approvals during two consecutive fiscal years.

(b) A CDC's 504 loan portfolio must be diversified by business sector.

[68 FR 57981, Oct. 7, 2003]

                    
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§ 120.828 - Minimum level of 504 loan activity and restrictions on portfolio concentrations.

§ 120.828 Minimum level of 504 loan activity and restrictions on portfolio concentrations.