The CDC drafts the 504 SBA Terms and Conditions from SBA's pre-approved boilerplate (a PCLP CDC executes them for SBA and may use a one-time non-standard condition only with an explanation in the file; otherwise SBA counsel approves non-standard wording), inserting the interim and Third Party Lenders and amounts, all insurance requirements, tax transcript verification, standby agreements (SBA Form 155 or equivalent with the note attached, the standby creditor subordinating liens and taking no action without consent), assignment of lease and landlord's waiver where relevant, and NEHRP seismic compliance for construction including permanently affixed leasehold improvements. It gets the loan disbursed within 48 months of approval (9 months for refinancing without expansion) or seeks an extension through a 327 action with the reason and timeline, a no adverse change finding, updated financials and revised sources and uses. Where a CDC provides interim construction financing, it records mortgages before construction, has qualified inspections before progress payments, a fixed-price contract barring material changes without consent, builder's risk and workers' compensation cover, the plans, injected funds used first and a lease assignment for leased land. It lists equipment and fixture collateral (with descriptions and serial numbers above the unit value threshold) in the UCC-1, and obtains the CDC (SBA Form 2101), Borrower and OC (SBA Form 2289) and interim lender (SBA Form 2288) certifications.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.