Approval/Disapproval Time: Not applicable. Appeals: Not applicable. Renewals: Not applicable. INFORMATION CONTACTS: Regional or Local Office: Small Business Center, General Services Administration Headquarters Office: Associate Administrator, Office of Enterprise Development (E). Telephone: (202) 501-1021. CERTIFIED DEVELOPMENT COMPANY LOANS (504 LOANS) Current Year: Grants: $0,000 Loans: $3,000,000,000 Other: $0,000 Total: $3,000,000,000 OBJECTIVES: To assist small business concerns by providing long- term, fixed-rate financing for fixed assets through the sale of debentures to private investors. ELIGIBLE BENEFICIARIES; (a) Small business; (b) Private non-profit institution/organization; (c) Small Business Person; APPLICATION AND AWARD PROCESS: Application Procedure: Application must be made on SBA Form 1244 and requirements set forth thereon must be fully complied with by the Certified Development Company and the small business being assisted. Award Procedure: the SBA Office notifies Applicant in writing. Deadlines: None. Range of Approval/Disapproval Time: Within 10 working days after formal acceptance of application. Appeals: Requests for reconsideration of a declined loan will be granted at any time within 6 months from the date of decline, providing that reasonable evidence is submitted to substantially overcome the stated reasons for decline. Renewals: Not applicable. INFORMATION
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