The most significant regulations that SBA proposes to change are those governing a CDC's area of operations a CDC's organizational structure the requirements for a new CDC or a CDC requesting to expand its territory the “adequately served” standard and whether a CDC may participate in other SBA loan programs. Based on the comments received and due to SBA's desire to improve 504 Program delivery to small businesses, SBA proposes to amend the regulations governing the 504 Program. Small Business Administration (“SBA” or “the Agency”) on December 6, 2002, SBA solicited comments on the Certified Development Company (“CDC”) Loan Program (the “CDC Program” or the “504 Program”). In response to an Advanced Notice of Proposed Rulemaking (“ANPRM”) published by the U.S.
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