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SBA Information Notice 5000-860285

Summary

SBA Information Notice, control no. 5000-860285, effective August 30, 2024, addressed to SBA employees, Certified Development Companies and Lenders, publishing the SBA 504 debenture funding schedule for calendar year 2025. 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 01/15/25.

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Full text

                           SBA Information Notice

  TO:            All SBA Employees, Certified                                              CONTROL NO.: 5000-860285
                 Development Companies and Lenders

  SUBJECT: 504 Debenture Funding                                                           EFFECTIVE: August 30, 2024
           Schedule for Calendar Year 2025




  The purpose of this Notice is to publish the SBA 504 debenture funding schedule for calendar
  year 2025. 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 Cut-              Announcement                     Pricing               Funding
                          Loan                                                                             Change From Typical
 Cut-Off     Off Date
                          Date         Date                          Date                      Date             Calendar
  Date
12/12/24    12/26/24*   01/06/25    01/07/25                       01/09/25              01/15/25
01/09/25    01/23/25    02/03/25    02/04/25                       02/06/25              02/12/25
02/06/25    02/20/25*   03/03/25    03/04/25                       03/06/25              03/12/25
03/13/25    03/27/25    04/07/25    04/08/25                       04/10/25              04/16/25
04/10/25    04/24/25*   05/05/25    05/06/25                       05/08/25              05/14/25
05/08/25    05/22/25    06/02/25    06/03/25                       06/05/25              06/11/25
06/12/25    06/26/25*   07/07/25    07/08/25                       07/10/25              07/16/25
07/10/25    07/24/25    08/04/25    08/05/25                       08/07/25              08/13/25
08/14/25    08/28/25*   09/08/25    09/09/25                       09/11/25              09/17/25
09/11/25    09/25/25    10/06/25    10/07/25                       10/09/25              10/15/25
10/09/25    10/23/25*   11/03/25    11/04/25                       11/06/25              11/12/25
11/12/25    11/26/25    12/08/25    12/09/25                       12/11/25              12/17/25     Cut-Off Dates moved up due to,
                                                                                                      Thanksgiving Day, 11/27



  PAGE 1 of 2                                                                                         EXPIRES: 12/31/25
  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 each month
and is approximately 14 days prior to the CSA Cut-off Date. The District Cut-off Date will be
strictly enforced. No late or incomplete 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.

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.




Alejandro Contreras
Acting Director
Office of Financial Assistance




PAGE 2 of 2                                                                EXPIRES: 12/31/25
SBA Form 1353.3 (4-93) MS Word Edition; previous editions obsolete
Must be accompanied by SBA Form 58

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