Excerpt from Review of Sba 504 Program: Hearing Before the Committee on Small Business, House of Representatives, One Hundred Fourth Congress, First Session, Washington, DC, March We also use the 504 Pro am to enhance bank liquidity. Our por tion of the 504 loans can e sold into the secondary market, and we are also able to entice other banks to cooperate with us on loan participations because of the high quality of these loans. Does the 504 Program provide real benefit to the economy and the taxpayers? In my Opinion, yes. The 504 Programs in which Northwest National Bank has been involved have resulted in the following: One, they have put in somewhere between $11 and $15 million worth of work for contractors and the related businesses that spin off of that. Sba 504 loans have enabled our customers to grow larger and become more efficient, which has resulted in larger and better customers for the bank. We have seen the cre ation of new jobs. We have also seen growth in the local tax base because of the new facilities that have been put up. Sba 504 loans also create high-quality, low-risk loans for the bank. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

The Small Business Administration (SBA) administers programs to support small businesses, including several loan guaranty programs designed to encourage lenders to provide loans to small businesses "that might not otherwise obtain financing on reasonable terms and conditions". The SBA's 504 Certified Development Company (504/CDC) loan guaranty program is administered through non-profit Certified Development Companies (CDC). It provides long-term fixed rate financing for major fixed assets, such as land, buildings, equipment, and machinery. This book examines the lending standards and performance measures SBA has established to help ensure that loans meet key requirements, as well as 504 loan performance, and SBA's processes for reviewing CDCs' eligibility to participate in the program, loan applications, and CDCs' compliance with program requirements.