CFR /  Title 13  /  Part 120  /  Sec. 120.828 Minimum level of 504 loan activity and restrictions on

(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]