USE OF PROCEEDS
7(a) loan proceeds may be used to establish a new business or to assist in the operation,
acquisition or expansion of an existing business. These may include (non-exclusive):
- To purchase land or buildings, to cover new construction as well as expansion or conversion of
existing facilities;
- To acquire equipment, machinery, furniture, fixtures, supplies, or materials;
- For long term working capital including the payment of accounts payable and/or for the
purchase of inventory;
- To refinance existing business indebtedness which is not already structured with
reasonable terms and conditions;
- For short term working capital needs including: seasonal financing, contract
performance, construction financing, export production, and for financing against existing
inventory and receivable under special conditions; or
- To purchase an existing business.
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