SBA Loan has a shared appreciation feature, or other contingent interest feature;
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.
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.
Examples of SBA Loan in a sentence
I understand, acknowledge, and agree that the Lender can share any tax information that I have provided with SBA’s authorized representatives, including authorized representatives of the SBA Office of Inspector General, for the purpose of compliance with SBA Loan Program Requirements and all SBA reviews.
A CLP Lender must stay informed of and apply all of SBA Loan Program Requirements.
On January 3, 2011, the SBA announced it had formed a SBA Loan Queue for loan applicants should any funding with the enhancements become available from loan cancellations.
A CDC must operate in accordance with all SBA Loan Program Requirements.
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.
More Definitions of SBA Loan
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)
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-1 and Exhibit H-2. 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 appropriate 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)
SBA Loan means any SBA 7(a) Loan or SBA 504 Loan or both as the context requires.
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.
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, in months, (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, and (xii) the lifetime minimum and maximum SBA Loan Interest Rates, if applicable.
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.
SBA Loan means the U.S. Small Business Administration Loan (No. 4305817000) made to Seller, including the documents, instruments, and associated security instruments thereunder.