Key Changes to Affiliation
Elimination of affiliation based on:
- Management
- Identity of interest
- Franchise agreements, license agreements, etc., discontinued publication of Franchise Directory
Key Changes to Loan Authorization
- “Authorization” replaced with “Terms and Conditions” in document name
Key Changes to Job Creation and Retention Requirements
- Increased 504 Loan Program requirement of 1 job per $75,000 to 1 job per $90,000
- For projects in Alaska and other zones, requirement has increased from 1 job per $85,000 to 1 job per
$100,000 - NEW – For Manufacturers OR Eligible Energy Public Policy Goal projects, there is a requirement of 1 job
per $140,000