Common use of Eligible Project Costs Clause in Contracts

Eligible Project Costs. Per the SBA SOP, eligible uses of 504 loan funds are those directly attributable and essential to the project, including: • Land and necessary land improvements • Building and building improvements • Construction • Contingency Fund (not to exceed 10% of the Project construction costs) • Machinery and equipment • Costs associated with transportation, dismantling and installation of equipment • Furniture and fixtures (if essential to and a minor part of the Project) • Interim interest • Interim financing costs • Professional fees including:  Appraisals  Environmental Reports  Title searches, title insurance and title closing  Surveys  Municipal and utility fees for construction  Engineering costs  Architectural fees

Eligible Project Costs. Per the SBA SOP, eligible uses of 504 loan funds are those directly attributable and essential to the project, including: •  Land and necessary land improvements •  Building and building improvements •  Construction •  Contingency Fund (not to exceed 10% of the Project construction costs) •  Machinery and equipment •  Costs associated with transportation, dismantling and installation of equipment •  Furniture and fixtures (if essential to and a minor part of the Project) •  Interim interest •  Interim financing costs •  Professional fees including:  Appraisals  Environmental Reports  Title searches, title insurance and title closing  Surveys  Municipal and utility fees for construction  Engineering costs  Architectural fees

Eligible Project Costs. Per the SBA SOP, eligible uses of 504 loan funds are those directly attributable and essential to the project, including: • Land and necessary land improvements • Building and building improvements • Construction • Contingency Fund (not to exceed 10% of the Project construction costs) • Machinery and equipment • Costs associated with transportation, dismantling and installation of equipment • Furniture and fixtures (if essential to and a minor part of the Project) • Interim interest • Interim financing costs • Professional fees including:  ▪ Appraisals  ▪ Environmental Reports  ▪ Title searches, title insurance and title closing  ▪ Surveys  ▪ Municipal and utility fees for construction  ▪ Engineering costs  ▪ Architectural fees