Questions and Answers > EB-5 Direct Investments

Can I borrow funds from my dad for my direct EB-5 investment?

I am getting an unsecured loan from my dad for my Eb-5 application to start a new company where my dad owns a majority stake. I need my dad`s expertise and experience, so he will be a partner in the company owning majority stock. Does borrowing money from a lender (dad) and having him as a partner in the EB-5 investment have any (positive or negative) kind of impact on my EB-5 visa?

Answers

• Dennis Tristani

  Immigration Attorney

  Answered on October 26, 2021

  No issue here - the source of the borrowed funds will have to be vetted.

• Stephen Berman

  Immigration Attorney

  Answered on October 14, 2021

  I would be concerned. Because it looks like it is actually his investment. For example, if he wanted to invest the money and just put your name on it and then get all the money back, and you would immigrate with no investment at all.

• Belma Demirovic Chinchoy

  Immigration Attorney

  Answered on October 14, 2021

  Why not have your dad gift you the funds? Likely a more sound source of funds.

• Bernard P Wolfsdorf

  Immigration Attorney

  Answered on October 14, 2021

  You need to have your father gift you the money before you invest it or you will likely have problems since you are not investing.

• Lynne Feldman

  Immigration Attorney

  Answered on October 14, 2021

  Yes with loan agreement or gift documentation.