Regulation .05 Eligible Uses.
Regulation .05 Eligible Uses.LinkCopy Citation
The purposes for which the loan is to be used include:
A.
Working capital;
B.
The acquisition and related installation of machinery or equipment;
C.
Necessary improvements to real property leased or owned in fee simple by the applicant; or
D.
The acquisition of real property to be owned in fee simple by the applicant if:
(1)
The real property is to be used in the operation of the applicant's trade or business for which the loan and guarantee are sought, and
(2)
A lien is placed on the real property by the financial institution.