SBA Information Notice 5000-840365
Summary
SBA Information Notice, control no. 5000-840365, effective October 24, 2022, addressed to SBA employees, Certified Development Companies and Lenders, publishing the SBA 504 debenture funding schedule for calendar year 2023. It says the monthly Central Servicing Agent (CSA) cut-off date will continue to fall approximately fourteen days before the pricing date. The 20 and 25-year debentures are offered monthly, with 10-year debentures added in marked months. The schedule table lists each month's district cut-off, CSA cut-off, pulled loan, announcement, pricing and funding dates, starting with a funding date of 01/11/23.
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Full text
SBA Information Notice
TO: All SBA Employees, Certified CONTROL NO.: 5000-840365
Development Companies and Lenders
SUBJECT: 504 Debenture Funding EFFECTIVE: October 24, 2022
Schedule for Calendar Year 2023
The purpose of this Notice is to publish the SBA 504 debenture funding schedule for calendar
year 2023. 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.
PLEASE NOTE: The 20 and 25-year debentures will be offered monthly while only the sale
months marked with an asterisk (*) will include the sale of 10, 20 and 25-year debentures.
Pulled
District CSA Announcement Pricing Funding
Loan Change From
Cut-Off Cut-Off
Date Date Date Date Typical Calendar
Date Date
District cut-off is same
12/08/22 12/22/22* 12/30/22 01/3/23 01/5/23 01/11/23
nationwide
01/12/23 01/26/23 02/6/23 02/7/23 02/9/23 02/15/23
02/09/23 02/23/23* 03/6/23 03/7/23 03/9/23 03/15/23
03/09/23 03/23/23 04/3/23 04/4/23 04/6/23 04/12/23
04/13/23 04/27/23* 05/8/23 05/9/23 05/11/23 05/17/23
05/11/23 05/25/23 06/5/23 06/6/23 06/8/23 06/14/23
Announcement moved, 4th July
06/08/23 06/22/23* 07/3/23 07/5/23 07/6/23 07/12/23
7/4 closed
07/13/23 07/27/23 08/7/23 08/8/23 08/10/23 08/16/23
08/10/23 08/24/23* 09/1/23 09/5/23 09/7/23 09/13/23 Pulled loan moved, Labor
Day 9/4 closed
09/07/23 09/21/23 10/2/23 10/3/23 10/5/23 10/11/23
10/12/23 10/26/23* 11/6/23 11/7/23 11/9/23 11/15/23
11/08/23 11/22/23 12/4/23 12/5/23 12/7/23 12/13/23 Cut-off moved, Thanksgiving
11/23 closed
PAGE 1 of 2 EXPIRES: 10/1/23
SBA Form 1353.3 (4-93) MS Word Edition; previous editions obsolete
Must be accompanied by SBA Form 58
Federal Recycling Program Printed on Recycled Paper
Funding Schedule – How Dates are Set
District Cut-off Date - the date in each District when 504 Loan Closing Packages must be
received by SBA Counsel. The District Cut-off Date is the same date nationwide and is
approximately 14 days prior to the CSA Cut-off Date. The District Cut-off Date will be
strictly enforced. No late packages will be accepted.
CSA Cut-off Date – the date by which the CSA must receive documents from the Certified
Development Company (CDC) for the debenture sale is approximately 14 days prior to Pricing
Date. CDCs are advised to include a transmittal sheet that lists all loans in the package to accurately
track submissions.
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 2 of 2 EXPIRES: 10/1/23
SBA Form 1353.3 (4-93) MS Word Edition; previous editions obsolete
Must be accompanied by SBA Form 58
File and source
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- 2022-10_Information-Notice-5000-840365_504-Debenture-Funding-Schedule-CY-2023.pdf
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- Original
- www.sba.gov