SBA SOP 50 10 8.1, C.Ch3.D — When the Debenture is Priced

sba-sop81-c-ch3-d

Verbatim text of SBA SOP 50 10 8.1 (with Technical Policy Updates) section C.Ch3.D (When the Debenture is Priced). Effective 2026-10-01 for applications received by SBA on or after that date; SOP 50 10 8 governs applications submitted through 2026-09-30. 1 provision(s) quoted from SBA's .docx.

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See also

SBA lending corpus: SOP 50 10 and the active notices, with the expiry watcher.

Verbatim regulatory text (1)

Verbatim provisions from SBA SOP 50 10 8.1, C.Ch3.D — When the Debenture is Priced — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

SOP 50 10 8.1 C.Ch3.D

Effective 2026-10-01 · publisher's stamp for this provision

D. When the Debenture is Priced 1. A Debenture is priced at time of application. If there are any changes in the 504 portion of the project costs between loan approval and project completion, the Debenture must be re- priced. 2. If the Borrower does not use the full amount of any contingency fund, then the Debenture may be re-priced as follows: a. If the amount of the unused contingency fund is 2% or less of the approved Gross Debenture amount, the difference must be refunded to the Borrower from the Gross Debenture proceeds by the CSA. No change is needed in the Debenture amount, and this does not require a loan modification request. b. If the amount of the unused contingency fund is greater than 2% of the approved Gross Debenture amount, the CDC must request a loan modification from the SLPC prior to closing to reduce the Net Debenture Proceeds by the amount of the unused contingency fund, and the Debenture amount is recalculated. (13 CFR § 120.930(c))

Source: SBA SOP 50 10 8.1, C.Ch3.D — When the Debenture is Priced · source URL · snapshot 0fb0c4692cf52938

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Source of record: https://claudeforcompliance.com/regs/sba-sop81-c-ch3-d/ · register sba-sop81-c-ch3-d · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.