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Questions and Answers > EB-5 Investments

How can I use a loan from a friend as my EB-5 funds?

Can I take a $900k loan from my friend in the US, who is a green card holder? The loan would be completely unsecured and without collateral. Does this work as my EB-5 investment?

Answers

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    Daniel A Zeft

    Immigration Attorney
    Answered on

    An EB-5 investment must be at risk. This situation is not an EB-5 investment because the loan is not secured.

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    Michael A Harris, Esq

    Immigration Attorney
    Answered on

    Yes, it is possible for this work if your friend can provide sources of funds for how he obtained the amount he is gifting you.

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    Lynne Feldman

    Immigration Attorney
    Answered on

    I suggest an agreement with the friend to show that this is the case and the terms of the repayment without collateral.

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    Dennis Tristani

    Immigration Attorney
    Answered on

    Yes - you can use the proceeds of an unsecured loan/gift from a friend. USCIS will inquire as to the source of funds that your friend lent/gifted to you - this will require your friend to provide his personal tax, financial and income documents.