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Can down payment be other than cash? - BLP - Business Lending Partners
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Can down payment be other than cash?

June 25, 2019
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A

Can down payment be other than cash?

Yes, the down payment can also be in the form of:

  • Value of previously acquired land (which can include building(s), structures, and other site improvements that will be part of the project property). This value would need to be supported by an appraisal submitted with the loan application.
  • In some situations, the down payment can be borrowed.
Categories: Community Loans, SBA 504
Tags: Business Owners, Lenders and Brokers
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