SBA Loan Closings (Session 2): Authorization for Debenture Guarantee in SBA 504 Loans

• 1 Terms and Conditions are SBA's conditions for guaranteeing the debenture, not a lender commitment
• 2 Calculate T&C funding deadlines from the approval date and apply 48‑month, 9‑month, and extension rules
• 3 Prepare a 3‑27 extension request with no‑adverse‑change analysis, current financials, and revised sources and uses
• 4 Draft and submit T&C and 3‑27 amendments, know CDC unilateral changes and when SBA counsel must review nonstandard language

Based on transcript analysis