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Code of Federal Regulations Title 25. Indians § 25.103.7 Must the borrower have equity in the business being financed?

Current as of January 02, 2025 | Updated by Findlaw Staff

The borrower must be projected to have at least 20 percent equity in the business being financed, immediately after the loan is funded. If a substantial portion of the loan is for construction or renovation, the borrower's equity may be calculated based upon the reasonable estimated value of the borrower's assets after completion of the construction or renovation.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 25. Indians § 25.103.7 Must the borrower have equity in the business being financed? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-25-indians/cfr-sect-25-103-7/

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