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What are the SBA requirements regarding the Loan?

April 26, 2017loan requirements SBA

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What are the SBA requirements regarding the Loan?

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• The Lender Loan must have a term of at least seven years when the 504 loan is for a term of 10 years and at least 10 years when the 504 loan is for 20 years • Interest rates must be legal and reasonable • The Lender Loan must not have any early call feature or contain any demand provisions unless the loan is in default • The Lender Loan must not be open-ended Top