Qualified loan definition

Qualified loan means a loan made under this act or former 1961 PA 108 from this state to a school district to pay debt service on a qualified bond.

Qualified loan means a loan or a portion of a loan made by a Participating Financial Institution to a Qualified Business for any business activity that has its Primary economic effect in California. A Qualified Loan may be made in the form of a line of credit, in which case the Participating Financial Institution shall specify the amount of the line of credit to be covered under the Program, which may be equal to the maximum commitment under the line of credit or an amount that is less than the maximum commitment. A Qualified Loan may be made in the form of a TRAC Lease when the Loan Loss Reserve Account is funded from an Independent Contributor. “Qualified Loan” does not include any of the following:

Qualified loan means a loan or portion of a loan as defined in Section 44559.1 subdivision (j)(1) of the Health and Safety Code, where the proceeds of the loan or portion of the loan are limited to the Eligible Costs for an Eligible Project under this Program, where the loan or portion of the loan does not exceed fifty thousand dollars ($50,000), and where the term of loss coverage for each qualified loan is no more than sixty (60) months. “Qualified Loan” does not include any of the following:

Examples of Qualified loan in a sentence

• SSBCI funding may be used to match total premium contributions from the Borrower and the PFI, up to seven percent (7%) of the original loan principal amount for each Qualified Loan.

• PFIs may use the following schedule when determining premium contributions from SSBCI for each Qualified Loan: SEDI/VSBBorrower Once a PFI receives approval from NMFA on the request to enroll a loan (at which time the loan is deemed a Qualified Loan), the loan is considered enrolled and the PFI may transfer the appropriate SSBCI contribution for the Enrolled Loan from the Deposit Account to the Loan Loss Reserve Account.

• If a PFI incurs Losses on all or part of a Qualified Loan, the PFI may request reimbursement via submission of a claims form via the online portal.

• To enroll a loan in the Program PFIs must complete an online enrollment form for each loan verifying the Small Business is a Qualified Business and the loan is a Qualified Loan.

More Definitions of Qualified loan

Qualified loan means a loan or a portion of a loan made by a Participating Financial Institution to a Qualified Business where the loan proceeds are for Eligible Project Costs for the installation and operation of one or more EVCS. “Qualified Loan” does not include any of the following:

Qualified loan means an educational loan incurred

Qualified loan means any Secured Loan in which the initial principal amount, as of the date such Secured Loan is incurred, when added to the current principal balance of all existing Secured Loans as of that date, is less than or equal to the greater of the following:

Qualified loan means the same as specified in Section 8070, and any Small Business Loan, except that:

Qualified loan means any loan authorized by this chapter to be made by a business development company to a borrower:

Qualified loan means a loan or portion of a loan as defined in Section 44559.1(j)(1) of the Health and Safety Code, and Section 8070 in this Article, where the loan or portion of the loan enrolled does not exceed two million five hundred thousand dollars ($2,500,000), and where the term of loss coverage for each qualified loan is no more than five (5) years. A Qualified Loan may be made in the form of a TRAC Lease when the Loss Reserve Account is funded by an Independent Contributor. “Qualified Loan” does not include any of the following:

Qualified loan means a loan or portion of a loan as defined in Section 44559.1(j) of the Health and Safety Code or a loan made to a Qualified residential property owner, where the proceeds of the loan or portion of the loan are limited to the Eligible Costs for an Eligible project under this Program, and where the loan or portion of the loan does not exceed two hundred fifty thousand dollars ($250,000), and where the