; (bb) the earnings or cash flow of the applicant; (cc) any equity or collateral of the applicant; and (dd) the effect any affiliates of the applicant may have on the ultimate repayment ability of the applicant. . (b) 504/CDC loans Section 502 of the Small Business Investment Act of 1958 ( 15 U.S.C. 696 ) is amended by adding at the end the following: (8) Underwriting requirements (A) In general With respect to a loan made under this section— (i) the applicant (including an operating company) shall be creditworthy; and (ii) the loan must be so sound as to reasonably assure repayment. (B) Lending criteria With respect to a loan made under this section— (i) lenders and certified development companies shall use appropriate and generally acceptable commercial credit analysis processes and procedures consistent with those used for similarly-sized commercial loans that are not guaranteed by the Administration; (ii) the Administration, lenders, and certified development companies may use a business credit scoring model; and (iii) the Administration, lenders, and certified development companies shall, as applicable, consider— (I) the credit score or credit history of the applicant (and the operating company, if applicable), and the associates and guarantors of the applicant; (II) the earnings or cash flow of the applicant