After approval and before funding, the CDC requests SBA's written approval (a 327 action through the SBA Loan System) for any change in the loan amount, supported by the effect on repayment, collateral and jobs and a revised financing split and use of funds, and for any change in the Borrower's ownership, which it may not approve unilaterally. Its unilateral authority covers only cancellation before closing and contact detail changes (not the project property address). An ALP CDC may, for ALP Express loans only, correct a collateral street address, change to a federally or suitably state regulated Third Party or Interim Lender, add omitted co-borrowers or guarantors, reduce standby debt and make de minimis use of proceeds increases without raising total project cost (collateral changes go to SLPC). A PCLP CDC may modify and extend terms up to 48 months, uploads the final executed terms within 15 business days after funding, and obtains SLPC consent for ownership changes and loan amount changes. Neither amount nor maturity can change after the debenture closes, and for 12 months after final disbursement the CDC may not unilaterally approve any change in the Borrower's ownership.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.