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Monthly Archives February 2013

SBA 7(a) Program Eligibility: “Eligibility of Debt Refinance”

Posted by Prudent Lenders in Blog, SBA 7(a) Lessons Learned – SBA Question? - Ask the Experts with No Comments

In order to use the proceeds of an SBA 7(a) loan for the refinance of debt, lenders must document that the debt was eligible. It should be noted that this issue is distinct from the eligibility concerns raised in previous articles in that only those funds used to refinance ineligible debt should be subject to […]...

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