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SBA Loan definition

SBA Loan has a shared appreciation feature, or other contingent interest feature;
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SBA Loan means a Purchased Loan that is secured by an SBA guaranty whether in whole or in part; provided that no SBA Loan shall be considered a Purchased Loan unless and until such time as any required third-party (including the SBA) consents related to the transfer of such SBA Loan have been obtained.
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SBA Loan. SCHEDULE: The schedules of SBA Loans listed on Exhibit H-1 and Exhibit H-2 attached hereto and delivered to the Trustee on the Closing Date or Subsequent Transfer Date, as the case may be, such schedule identifying each SBA Loan by address of the related premises, and the name of the Obligor and setting forth as to each SBA Loan the following information: (i) the Principal Balance as of the close of business on the Cut-Off Date or Subsequent Cut-Off Date, as the case may be, (ii) the Account Number, (iii) the original principal amount of the SBA Loan, (iv) the SBA Loan date and original number of months to maturity, in months, (v) the SBA Loan Interest Rate as of the Cut-Off Date or Subsequent Cut-Off Date, as the case may be, and guaranteed rate payable to the Registered Holder and the FTA, (vi) when the first Monthly Payment was due, (vii) the Monthly Payment as of the Cut-Off Date or Subsequent Cut-Off Date, as the case may be, (viii) the remaining number of months to maturity as of the Cut-Off Date or Subsequent Cut-Off Date, as the case may be, (ix) the Unguaranteed Percentage, (x) the SBA loan number, (xi) the margin which is added to the Prime Rate to determine the SBA Loan Interest Rate or, in the case of fixed rate SBA Loans, the rate of interest specified in the related SBA Note, and (xii) the lifetime minimum and maximum SBA Loan Interest Rates, if applicable.
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Examples of SBA Loan in a sentence

  • For further information concerning the CLP program see U.S. Congress, Senate Select Committee on Small Business, SBA Loan Oversight, hearing on SBA loan oversight, 96th Cong., 1st sess., September 18, 1997 (Washington: GPO, 1997), p.

  • A CLP Lender must stay informed of and apply all of SBA Loan Program Requirements.

  • In all circumstances, such practices and procedures must be commercially reasonable and con- sistent with prudent lending standards and in accordance with SBA Loan Pro- gram Requirements as defined in Sec- tion 120.10.

  • All documents evidencing the Lender Loan and Lender’s Security Instrument must comply with SBA 504 Loan Program requirements, including but not limited to those identified in the following subparagraphs, and, in the event one or more of the provisions in such documents do not comply with these requirements, Lender waives any right to enforce such provisions while the SBA Loan has any unpaid balance.

  • Lender must provide CDC and SBA with written notice of any material default on the Lender Loan or Lender’s Security Instrument (referencing the SBA Loan number on page one of this Agreement) within thirty (30) days after the expiration of any cure period.


More Definitions of SBA Loan

SBA Loan. SCHEDULE: The schedule of Initial SBA Loans listed on Exhibit H attached hereto and delivered to the Trustee on the Closing Date, such schedule identifying each Initial SBA Loan by address of the related premises, and the name of the Obligor and setting forth as to each Initial SBA Loan the following information: (i) the Principal Balance as of the close of business on the Cut-Off Date, (ii) the Account Number, (iii) the original principal amount of the SBA Loan, (iv) the Initial SBA Loan date and original number of months to maturity, (v) the SBA Loan Interest Rate as of the Cut-Off Date and guaranteed rate payable to the Registered Holder and the FTA, (vi) when the first Monthly Payment was due, (vii) the Monthly Payment as of the Cut-Off Date, (viii) the remaining number of months to maturity as of the Cut-Off Date, (ix) the Unguaranteed Percentage, (x) the SBA loan number, (xi) the margin which is added to the Prime Rate to determine the SBA Loan Interest Rate or, in the case of fixed rate SBA Loans, the note rate, and (xii) the lifetime minimum and maximum SBA Loan Interest Rates, if applicable.
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SBA Loan. An individual loan which is transferred to the Trust Fund pursuant to this Agreement, together with the rights and obligations of a holder thereof and payments thereon and proceeds therefrom, the SBA Loans originally subject to this Agreement being identified on the SBA Loan Schedule. Any loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust Fund by the Sellers (as indicated by the SBA Loan Schedule), in fact was not transferred and assigned to the Trust Fund for any reason whatsoever, including, without limitation, the incorrectness of the statement set forth in Section 3.02(h) hereof with respect to the loan, shall nevertheless be considered an "SBA Loan" for all purposes of this Agreement. For the purposes of this Agreement, references to SBA Loans are equivalent to references to SBA ss. 7(a)
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SBA Loan means any SBA 7(a) Loan or SBA 504 Loan or both as the context requires.
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SBA Loan means any Loan that is guaranteed by the SBA or otherwise made pursuant to the small business loan program of, or administered by, the SBA.
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SBA Loan means SBA Loan Number 64984050-08 from Alarion Bank in the original principal amount of $1,250,000, which loan is secured by the Excluded Real Property and guaranteed by Seller.
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SBA Loan. An individual loan, the Unguaranteed Interest of which is transferred to the Trust Fund pursuant to this Agreement, together with the rights and obligations of a holder thereof and payments thereon and proceeds therefrom, the SBA Loans originally subject to this Agreement being identified on the SBA Loan Schedule as set forth on Exhibit H. Any loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust Fund by the Sellers (as indicated by the SBA Loan Schedule), in fact was not transferred and assigned to the Trust Fund for any reason whatsoever, including, without limitation, the incorrectness of the statement set forth in Section 3.02(h) hereof with respect to the loan, shall nevertheless be considered an "SBA Loan" for all purposes of this Agreement. For the purposes of this Agreement, references to SBA Loans are equivalent to references to SBA Section 7(a)
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SBA Loan means any loans to Company pursuant to that certain Note, dated January 9, 2001, between Company and the SBA Lender.
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