504 Cap Increase Included in Proposed Funding Bill

A Message from our CEO Great news for small businesses and their lending partners! The National Association of Development Companies (NADCO) announced an increase to the 504 authorization cap has been included in the proposed funding bill for the remainder of fiscal year 2022. The breakdown of proposed authorization levels is: The regular 504 program is authorized at $11 billion; and The 504 debt refinance without expansion program is authorized at $4 billion. What this ultimately means: THERE’S MORE MONEY FOR 504! We have also learned that due to time constraints, the House will likely consider a continuing resolution through March 15 to keep the government open—allowing the House and… Read More

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