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Can business funds be utilized for funds to close?

April 26, 2017Business funds utilized

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Can business funds be utilized for funds to close?

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Generally business funds may be utilized when the borrower(s) own 100% of the sole proprietorship, partnership, or corporation. A CPA associated with the business must confirm in writing that withdrawal of a specific amount of money from the business will not adversely affect the business. These funds must be verified via a business bank statement.