{"data":{"id":"us/13-cfr-120.828","jurisdiction":"us","citation":"13 CFR 120.828","heading":"Minimum level of 504 loan activity and restrictions on portfolio concentrations.","body":"(a) A CDC is required to receive SBA approval of at least four 504 loan approvals during two consecutive fiscal years.\n(b) A CDC's 504 loan portfolio must be diversified by business sector.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 120—BUSINESS LOANS","Subpart H—Development Company Loan Program (504)"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-13.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:18Z","sha256":"6a31bffc11448abae80bc51e3839b43fca4470a08b97be7317da2e0078e5fef4","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.827","next":"us/13-cfr-120.829"},"notice":"GroundRules: Original legal text. Not legal advice."}