§ 120.931. 504 Lending limits.
153 words·~1 min read·
/us/cfr/t13/s§ 120.931·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
504 loan amounts shall be limited to:
(a)An outstanding balance of \$5,000,000 for each Borrower and its affiliates if the loan proceeds will not be directed towards a Project in paragraph
(c)of this section,
(b)An outstanding balance of \$5,000,000 for each Borrower and its affiliates if one or more of the public policy goals enumerated in § 120.862(b) applies to the Project; and
(c)\$5,500,000 for each Project for:
(1)Small Manufacturers (NAICS Codes 31-33) with all production facilities located in the United States;
(2)Reduction of the Borrower's, or if the Borrower is an Eligible Passive Company, the Operating Company's energy consumption by at least 10%; or
(3)Plant, equipment and process upgrades of renewable energy sources such as the small-scale production of energy for individual buildings' or communities' consumption, commonly known as micropower, or renewable fuel producers including biodiesel and ethanol producers. \[76 FR 63547, Oct. 12, 2011\]