25 C.F.R. § 103.7

Must the borrower have equity in the business being financed?

Read at: eCFRecfr.gov CornellLII GovInfogovinfo.gov CasesGoogle Scholar

The borrower must be projected to have at least 20 percent equity in the business being financed, immediately after the loan is funded. If a substantial portion of the loan is for construction or renovation, the borrower's equity may be calculated based upon the reasonable estimated value of the borrower's assets after completion of the construction or renovation.

Notes of Decisions

Cited in 3 cases, 2006–2007 · leading case: Plains Com. Bank v. Long Fam. Land & Cattle Co., Inc. Ronnie Long Lila Long, Cheyenne River Sioux Tribe, Amicus Curiae-Amicus on Behalf Of, 491 F.3d 878 (8th Cir. 2007).

Sort: Relevance Newest Treatment

Plains Com. Bank v. Long Fam. Land & Cattle Co., Inc. Ronnie Long Lila Long, Cheyenne River Sioux Tribe, Amicus Curiae-Amicus on Behalf Of, 491 F.3d 878 (8th Cir. 2007). · cites it 2× “See 25 C.F.R. § 103.7 (2000); see also id. § 103.”

Plains Com. Bank v. Long Fam. Land & Catt. Co., 440 F. Supp. 2d 1070 (D.S.D. 2006). “See 25 C.F.R. § 103.7 . Some of the Long Company’s loans from the bank were guaranteed by the BIA.”

Plains Com. Bank v. Long Fam. Land (8th Cir. 2007). · cites it 2× “See 25 C.F.R. § 103.7 (2000); see also id. § 103.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.