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What is the lender’s role in the 504 program?

April 26, 2017Lender program

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What is the lender’s role in the 504 program?

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With the 504 Loan Program, lenders will generally process their loan as they would with any other • Provide the interim funding until the deed is recorded • The bank’s term of loan (commitment) must be ½ of Growth Corp’s bond, but no less than seven years (equipment) or ten years (real estate).