(5) For loan or loan
guarantee programs described in § 200.502 Basis for determining Federal awards expended, paragraph (b), identify in the notes to the schedule the balances outstanding at the end of the audit period.
Not exact matches
The SBA
describes the
program thusly: «Typically, a 504 project includes a loan secured with a senior lien from a private - sector lender covering up to 50 percent of the project cost, a loan secured with a junior lien from the CDC (a 100 percent SBA -
guaranteed debenture) covering up to 40 percent of the cost, and a contribution of at least 10 percent equity from the small business being helped.
«Instead of informing a group of handpicked agencies that they are
guaranteed funding, regardless of need or performance, this administration has to put out a call to any company that provides services for public benefit to
describe their
programs.»
In addition to the activities
described above, the FAST Act expanded eligible purposes to include financing economic development, including commercial and residential development, and related infrastructure and activities, that (i) incorporate private investment, (ii) is physically or functionally related to a passenger rail station or multimodal station that includes rail service, (iii) has a high probability of the applicant commencing the contracting process for construction not later than 90 days after the date on which the RRIF loan or loan
guarantee is obligated, and (iv) has a high probability of reducing the need for financial assistance under any other Federal
program for the relevant passenger rail station or service by increasing ridership, tenant lease payments, or other activities that generate revenue exceeding costs (Transit - Oriented Development Projects or TOD Projects).
The DOE loan
guarantee will cover most of the Model S
program at a very low cost of capital compared with raising equity financing in what could quaintly be
described as a «bear market.»