Examples of Qualifying Small Business in a sentence
Loans made under the ARC Loan Program are for the sole purpose of making periodic payments of principal and interest (including de- fault interest), in full or in part, for up to six (6) months, on one or more exist- ing Qualifying Small Business Loans.
No small business may obtain more than one ARC Loan, but the pro- ceeds of the ARC loan may be used to pay more than one Qualifying Small Business Loan.
A lend- er may make an ARC Loan to an Eligi- ble Borrower that intends to use the proceeds of the ARC Loan to make periodic payments of principal and in- terest on a Qualifying Small Business Loan that is owned or serviced by that same lender.
Qualifying Small Business Loans may include credit card obliga- tions, capital leases for major equip- ment and vehicles, notes payable to vendors or suppliers, loans in the first lien position made by commercial lend- ers in connection with the Develop- ment Company Loan Program (504), home equity loans used to finance busi- ness operations, other loans to small businesses made without an SBA guar- anty, and loans made by or with an SBA guaranty on or after February 17, 2009.
A Qualifying Small Business Loan may not be used as the basis for more than one ARC Loan but ARC Loans may be used to pay multiple Qualifying Small Business Loans.
A lend-er may make an ARC Loan to an Eligi- ble Borrower that intends to use the proceeds of the ARC Loan to make periodic payments of principal and in- terest on a Qualifying Small Business Loan that is owned or serviced by that same lender.
No small business may obtain more than one ARC Loan, but the pro- ceeds of the ARC loan may be used to pay more than one Qualifying Small Business Loan.(g) Personal guarantees.
A Targeted enterprise is defined as an EME (Exempted Micro Enterprise) or QSE (Qualifying Small Business Enterprise) with at least 51% Black-ownership, selected from Zululand District Municipalities Enterprise Development Database.
A Small Business Administration § 120.398 Qualifying Small Business Loan may not be used as the basis for more than one ARC Loan but ARC Loans may be used to pay multiple Qualifying Small Business Loans.
Attention should be paid here to the Preferential Procurement Policy Framework Act, specifically Section 10, Pre-qualification criteria for preferential procurement, which stipulates the required value of contract which must go to Exempted Micro Enterprises and Qualifying Small Business Enterprises which as a minimum are black owned.