If yes, with or without expansion? ☐ With expansion ☐ Without expansion Does the Applicant project involve debt refinancing? ☐ Yes ☐ No With respect to debt refinancing with expansion, SBA will revise or add the following questions on page 12 that are relevant in determining whether the loan may be processed by PCLP CDCs under their delegated authority:
Alternative job goals reinstated (job retention and existing jobs may be counted).Updated with change from 50% to 100% on amount of existing indebtedness that may be refinanced.The 60 day comment period on the IFR ends September 27, 2021.SBA will provide the IFR upon publication in Federal Register and the policy notice and Form 1244 information notice upon release in the SBA Daily. Updates will be effective upon the release of the IFR in the Federal Register on July 29, 2021.Summary of 504 Refinancing Program Updates Per the Economic Aid Act