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How would the small business show that substantially all of the debt was for 504-eligible purposes and that the remainder of the debt was for the benefit of the small business?

April 26, 2017benefit debt purposes remainder small business substantially

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How would the small business show that substantially all of the debt was for 504-eligible purposes and that the remainder of the debt was for the benefit of the small business?

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Both the small business and a Third Party Lender must certify that the non-eligible debt is less than 15 percent of the total, refinanced debt and was used for the benefit of the business.