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Development Company Loan Program-Job Creation and Retention Requirements; Additional Areas for Higher Portfolio Average

The Small Business Administration (SBA) is changing the job creation or retention requirements under its Development Company Loan Program (504 Loan Program) by increasing the do...

The Small Business Administration (SBA) is changing the job creation or retention requirements under its Development Company Loan Program (504 Loan Program) by increasing the dollar amounts used in calculating the number of jobs that must be created or retained for each 504 Project and for the portfolio average of each Certified Development Company. In addition, SBA is designating additional areas for application of the higher portfolio average.

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Federal Register Citation

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83 FR 55224

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“Development Company Loan Program-Job Creation and Retention Requirements; Additional Areas for Higher Portfolio Average,” thefederalregister.org (November 2, 2018), https://thefederalregister.org/documents/2018-24033/development-company-loan-program-job-creation-and-retention-requirements-additional-areas-for-higher-portfolio-average.