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How can I pay my EB-5 loan early?

In order to pay the EB-5 investment requirement, I plan to take out a bank loan using property as collateral. The loan term will be more than three years, but I want to pay it off earlier. How can I pay off the loan in a few months and still qualify for EB-5?

Answers

  • Avatar
    Answered on

    Once the loaned money has been received by the new commercial enterprise, you may pay your loan back at any time within your loan terms. EB-5 regulations require substantial completion of loan payments prior to the end of the 2-year conditional residency period.

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    Answered on

    Not taking into account your loan agreement with the bank, from a general EB-5 perspective, bank loans are usually acceptable as a source of funds. We would have to review your particular circumstances for an approvable process.

  • Avatar
    Answered on

    The EB-5 personal funds can derive from a loan based upon personal collateral. Once the EB-5 investment is made, it is a separate transaction from the personal loan you have with the bank. Therefore,you can pay back the bank at any time.

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    Philip H Teplen

    Answered on

    As long as the investment continues, paying off the loan does not affect the application.

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    Answered on

    There is no problem in you paying off the loan quickly after you obtained the loan to fund EB-5 investment.

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