Pre-existing debt on the Project Property.

  1. Law
  2. CFR 13
  3. Business Credit and Assistance
  4. Small Business Administration
  5. Business Loans
  6. Development Company Loan Program (504)
  7. Third Party Loans
  8. Pre-existing debt on the Project Property.

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§ 120.922 Pre-existing debt on the Project Property.

In addition to its share of Project cost, a Third-Party Loan may include consolidation of existing debt on the Project Property. The consolidation must not improve the lien position of the Lender on the pre-existing debt, unless the debt is a previous Third-Party Loan.


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