504 Lending limits.

§ 120.931 504 Lending limits. 504 loan amounts shall be limited to: (a) An outstanding balance of $5,000,000 for each Borrower and its affiliates if the loan proceeds will not be directed towards a Project in paragraph (c) of this section, (b) An outstanding balance of $5,000,000 for each Borrower and its affiliates if one or more of the public policy goals enumerated in § 120.862(b) applies to the Project; and (c) $5,500,000 for each Project for: (1) Small Manufacturers (NAICS Codes 31–33) with all production facilities located in the United States; (2) Reduction of the Borrower's, or if the Borrower is an Eligible Passive Company, the Operating Company's energy consumption by at least 10%; or (3) Plant, equipment and process upgrades of renewable energy sources such as the small-scale production of energy for individual buildings' or communities' consumption, commonly known as micropower, or renewable fuel producers including biodiesel and ethanol producers. [76 FR 63547, Oct. 12, 2011]