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2024 Funding Calendar
PLEASE NOTE: Asterisks (*) next to dates indicate months to include the sale of 10 year debentures.
SBA Information Notice 5000-849343
District Cut-off Date – the date in each District when 504 Loan Closing Packages must be received by SBA Counsel. The District Cut-off Date is the same date nationwide and is approximately 14 days prior to the CSA Cut-off Date
CSA Cut-off Date – the date by which the CSA must receive documents from the CDC for the debenture sale is approximately 14 days prior to Pricing Date
Pulled Loan Deadline – the last date the loan may be withdrawn from the next scheduled debenture sale is the close of business the Monday prior to Pricing Date (except September)
Announcement Date – typically, the first Tuesday of the first full week of the month (beginning and including Sunday)
Pricing Date – the date that the 504 debenture rates are set which is the first Thursday of first full week of the month
Funding Date – the date that 504 funds are disbursed to the CSA for distribution, which occurs Wednesday of week following Pricing Date
Certain modifications have been made to account for holidays.
2025 Funding Calendar
PLEASE NOTE: The 20 and 25-year debentures will be offered monthly while only the sale months marked with an asterisk (*) will include the sale of 10, 20 and 25-year debentures.
How Dates are Set:
District Cut-off Date – the date in each District when 504 Loan Closing Packages must be received by SBA Counsel. The District Cut-off Date is the same date nationwide each month and is approximately 14 days prior to the CSA Cut-off Date. The District Cut-off Date will be strictly enforced. No late or incomplete packages will be accepted.
CSA Cut-off Date – the date by which the CSA must receive documents from the Certified Development Company (CDC) for the debenture sale is approximately 14 days prior to Pricing Date. CDCs are advised to include a transmittal sheet that lists all loans in the package to accurately track submissions.
Pulled Loan Deadline – the last date the loan may be withdrawn from the next scheduled debenture sale is the close of business the Monday prior to Pricing Date.
Announcement Date – typically, the first Tuesday of the first full week of the month (beginning and including Sunday).
Pricing Date – the date that the 504 debenture rates are set which is the first Thursday of first full week of the month.
Funding Date – the date that 504 funds are disbursed to the CSA for distribution, which occurs Wednesday of week following Pricing Date.
Certain modifications have been made to account for holidays.