SBA Information Notice 5000-20046
Summary
SBA Information Notice, control no. 5000-20046, effective September 15, 2020, publishing the SBA 504 debenture funding schedule for calendar year 2021. It says the monthly Central Servicing Agent (CSA) cut-off date will continue to fall approximately fourteen days before the pricing date and that District Counsel will schedule 504 closing package due dates. The 20 year and 25 year debentures are offered monthly, with 10 year debentures added in marked months. The schedule gives each month's CSA cut-off, pulled loan deadline, announcement, pricing and funding dates, starting with a January 2021 funding date of 1/13/2021.
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Full text
SBA Information Notice
TO: All SBA Employees CONTROL NO.: 5000-20046
SUBJECT: 504 Debenture Funding
Schedule for Calendar Year 2021 EFFECTIVE: September 15, 2020
The purpose of this notice is to publish the SBA 504 debenture funding schedule for calendar
year 2021. The schedule dates provide enhanced program marketability with investors. The
monthly Central Servicing Agent (CSA) cut-off date will continue to be scheduled
approximately fourteen days prior to the pricing date.
The 504 Closing Package due dates will be scheduled by SBA District Counsel for each District
Office.
PLEASE NOTE: The 20 year and 25 year debentures will be offered monthly while the sale
months marked with an asterisk (*) will include the sale of 10 year, 20 year and 25 year
debentures.
2021 FUNDING SCHEDULE
January 2021*
CSA Cut Off Date: 12/23/2020*
Pulled Loan Deadline: 1/4/2021
Announcement Date: 1/5/2021
Debenture Pricing Date: 1/7/2021
Funding Date: 1/13/2021
Note: Cutoff moved up – Christmas, markets early close 12/24, closed 12/25
PAGE 1 of 4 EXPIRES: 9/1/21
SBA Form 1353.3 (4-93) MS Word Edition; previous editions obsolete
Must be accompanied by SBA Form 58
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February 2021
CSA Cut Off Date: 1/28/2021
Pulled Loan Deadline: 2/8/2021
Announcement Date: 2/9/2021
Debenture Pricing Date: 2/11/2021
Funding Date: 2/17/2021
March 2021*
CSA Cut Off Date: 2/25/2021*
Pulled Loan Deadline: 3/8/2021
Announcement Date: 3/9/2021
Debenture Pricing Date: 3/11/2021
Funding Date: 3/17/2021
April 2021
CSA Cut Off Date: 3/25/2021
Pulled Loan Deadline: 4/5/2021
Announcement Date: 4/6/2021
Debenture Pricing Date: 4/8/2021
Funding Date: 4/14/2021
May 2021*
CSA Cut Off Date: 4/22/2021*
Pulled Loan Deadline: 5/3/2021
Announcement Date: 5/4/2021
Debenture Pricing Date: 5/6/2021
Funding Date: 5/12/2021
June 2021
CSA Cut Off Date: 5/27/2021
Pulled Loan Deadline: 6/7/2021
Announcement Date: 6/8/2021
Debenture Pricing Date: 6/10/2021
Funding Date: 6/16/2021
PAGE 2 of 4 EXPIRES: 9/1/21
SBA Form 1353.3 (4-93) MS Word Edition; previous editions obsolete
Must be accompanied by SBA Form 58
July 2021*
CSA Cut Off Date: 6/24/2021*
Pulled Loan Deadline: 7/2/2021
Announcement Date: 7/6/2021
Debenture Pricing Date: 7/8/2021
Funding Date: 7/14/2021
Note: Pulled loan moved up - 4th July observance markets closed 7/5
August 2021
CSA Cut Off Date: 7/22/2021
Pulled Loan Deadline: 8/2/2021
Announcement Date: 8/3/2021
Debenture Pricing Date: 8/5/2021
Funding Date: 8/11/2021
September 2021*
CSA Cut Off Date: 8/26/2021*
Pulled Loan Deadline: 9/3/2021
Announcement Date: 9/7/2021
Debenture Pricing Date: 9/9/2021
Funding Date: 9/15/2021
Note: Pulled loan moved up - Labor Day 9/6 closed
October 2021
CSA Cut Off Date: 9/23/2021
Pulled Loan Deadline: 10/4/2021
Announcement Date: 10/5/2021
Debenture Pricing Date: 10/7/2021
Funding Date: 10/13/2021
November 2021*
CSA Cut Off Date: 10/28/2021*
Pulled Loan Deadline: 11/8/2021
Announcement Date: 11/9/2021
Debenture Pricing Date: 11/10/2021
Funding Date: 11/17/2021
Note: Pricing moved up a day- Veterans Day 11/11 bond market closed
PAGE 3 of 4 EXPIRES: 9/1/21
SBA Form 1353.3 (4-93) MS Word Edition; previous editions obsolete
Must be accompanied by SBA Form 58
December 2021
CSA Cut Off Date: 11/24/2021
Pulled Loan Deadline: 12/6/2021
Announcement Date: 12/7/2021
Debenture Pricing Date: 12/9/2021
Funding Date: 12/15/2021
Funding Schedule – How Dates are Set
Cut-off Date – the date by which the CSA must receive documents from the CDC for the
debenture sale is approximately 14 days prior to Pricing Date
Pulled Loan Deadline – the last date the loan may be withdrawn from the next scheduled
debenture sale is the close of business the Monday prior to Pricing Date (except September)
Announcement Date - typically, the first Tuesday of the first full week of the month (beginning
and including Sunday)
Pricing Date – the date that the 504 debenture rates are set which is the first Thursday of first
full week of the month
Funding Date – the date that 504 funds are disbursed to the CSA for distribution, which occurs
Wednesday of week following Pricing Date
Questions – Questions regarding this funding calendar should be directed to Linda Reilly at
linda.reilly@sba.gov.
Dianna L. Seaborn
Director
Office of Financial Assistance
PAGE 4 of 4 EXPIRES: 9/1/21
SBA Form 1353.3 (4-93) MS Word Edition; previous editions obsolete
Must be accompanied by SBA Form 58
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