ORIGINFORMSTUDIO.COM – SBA Form1253 – Certified Development Company (CDC) Annual Report Guide – The Small Business Administration (SBA) Form 1253 is an essential annual report form for any Certified Development Company (CDC). This document serves as a way to track the progress of successful CDCs and to ensure that they are meeting their goals. A CDC is a nonprofit corporation set up in each state or territory to facilitate access to SBA’s 504 loan program for small businesses. Completing the SBA Form 1253 helps identify resources, assess the performance of local economic development efforts, and provide feedback on how available funds were used.
Download SBA Form1253 – Certified Development Company (CDC) Annual Report Guide
|Form Number||SBA Form1253|
|Form Title||Certified Development Company (CDC) Annual Report Guide|
|File Size||219 KB|
|Form By||SBA Forms|
What is an SBA Form1253?
SBA Form 1253, or the Certified Development Company (CDC) Annual Report, is a form designed to provide the Small Business Administration (SBA) with information about each CDC’s activities during the current fiscal year. This report provides a snapshot of how well the CDC has done in providing assistance to small businesses in its district throughout a given year.
CDCs are responsible for filling out this form annually and submitting it to the SBA by March 31st of every year. The form requires details such as loan amount, number of loans closed, number of jobs created/retained, funding provided through other sources, and more. The completion of this form helps ensure that each CDC remains in compliance with its obligations under the 504 program while also providing an opportunity for them to assess its performance over time.
What is the Purpose of SBA Form1253?
The SBA Form 1253 is a Certified Development Company (CDC) Annual Report that must be submitted to the Small Business Administration (SBA) every year. This form serves as a way for the CDC to provide information about their activities and financial status over the course of the fiscal year. The purpose of this report is for the SBA to access important data on each CDC’s performance and growth so that they can ensure all CDCs are compliant with their program regulations.
The information collected from this annual report includes detailed descriptions of business operations, lending activity, program administration fees, and other statistics related to job creation and capital formation. This form also provides insights into how well each individual CDC is performing in its respective states or territories covered by the program.
Where Can I Find an SBA Form1253?
The SBA Form 1253 is an important document for Certified Development Companies (CDCs) to report on their annual performance. It must be submitted to the Small Business Administration (SBA) each year. The form requires information about the CDC’s activities, including loan origination and servicing, and other relevant metrics such as job creation and capital access.
The SBA Form 1253 can be found on the official website of the Small Business Administration. It is a downloadable file that can be filled out electronically or printed and completed manually. Once completed, it should be sent back to the SBA along with any supporting documents that are required by the specific program being reported on.
In addition to submitting the form directly to the SBA, CDCs may also submit it through their state economic development agency or local government office if they operate in those areas.
SBA Form1253 – Certified Development Company (CDC) Annual Report Guide
The U.S. Small Business Administration (SBA) Form1253 – Certified Development Company (CDC) Annual Report Guide is a tool used to evaluate the performance of CDCs in their efforts to assist small businesses with obtaining financing for expansion and other business-related needs. This guide provides CDCs with a comprehensive framework for submitting an annual report, which outlines how the organization has met its mission and contributed to economic growth in its local community. The annual report also serves as a platform for sharing successes, challenges, and lessons learned about working with small business clients.
CDC Annual Reports should include information about the number of loans completed by the CDC during that fiscal year, as well as any financial assistance provided through other SBA programs such as the Women’s Business Ownership Initiative or Veteran’s Entrepreneurship Program.