SBA has published a Notice in the Federal Register, Development Company Loan Program—Job Creation and Retention Requirements; Additional Areas for Higher Portfolio Average (Docket No.: SBA–2025–0135), which provides notice of, and requests comments on, changes to 504 Program requirements.
Per the Notice, SBA is “changing the job creation or retention requirements under its Development Company Loan Program (504 Loan Program) by increasing the dollar amounts used in calculating the number of jobs that must be created or retained for each 504 Project and for the portfolio average of each Certified Development Company”. The new job creation/retention requirements will apply to all 504 loans that are approved by SBA on or after October 1, 2025.
Please see the Federal Register Notice for complete information. Finally, please note that the comment period closes on December 1, 2025.
