Loan Authorization And Agreement

Remuneration should not include passive businesses and eligible operating companies (EPC/OC) – SBA allows for a loan structure in which the borrower is a passive owner of the assets to be financed with the proceeds of the loan and leases the assets to an “operating company” (OC). In these cases, the borrower is called an Eligible Passive Company (EPC). Your signature marks your agreement to the respect of the conditions of the loan. Prepare all the necessary loan documents and have these documents signed by the person(s) concerned, including, where applicable, spouses. The authorization indicates whether the repayment of the loan is to be guaranteed by certain legal persons, such as companies, trusts or partnerships.