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Can I use GrowNOW to purchase real estate for the business?

April 26, 2017Business grownow purchase Real Estate

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Can I use GrowNOW to purchase real estate for the business?

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A. Because GrowNOW is linked to job creation and retention, the program can only be applied to a loan that is in the name of the operating company—the company that writes the paychecks to the employees. It can be used for real estate purchases, so long as the loan is in the name of the operating entity and not in the name of a holding company.