Reza Rahbaran
Immigration AttorneyEB-5 projects do not only need to be funded through EB-5. You may use your personal funds or loans provided. The creation of only 10 jobs will suffice for one investor.
If I make my business project an EB-5 investment, does that mean that the only capital I get use has to come from EB-5 investors? What other kinds of capital can I use to fund the project i.e. personal or other business funds. I don''t think that I can create more than 10 jobs with my project so I could only get one investor, but I need at least 2million.
EB-5 projects do not only need to be funded through EB-5. You may use your personal funds or loans provided. The creation of only 10 jobs will suffice for one investor.
Other funding sources may be used, and all of the jobs created may be allocated to the EB-5 investor regardless of the fact that there is additional funding from other sources.
Projects need not be only funded through EB-5 money. You can fund it through loans, other private offerings etc. The only issue you run into is who has priority on the project.
You can use other types of investment funding in the project in addition to EB-5 money. The investor will get credit for the job creation. You should speak with an experienced EB-5 immigration attorney for details.
You can utilize any other financing available. You are correct that if 10 jobs it the maximum job creation, then you can only have one EB-5 investor.
You can and should fund your project with other sources. Having other capital sources especially personal equity is advisable. If you need $2 million, the question of how much other capital will come into play depends on your project location. Does it qualify or a $500,000 or for a $1 million investment. The remaining funds can be apportioned accordingly.
You can use other sources of capital to fund your project, including your own funds, bank loans, etc. I would be happy to assist you or your potential investor in this process.
Yes, you may have other sources of capital. EB-5 projects usually do have other sources of capital. You should confer with an experienced EB-5 economist to discuss how many jobs will be available based on your business plan and capital needs. If the intended source of capital is someone other than yourself, you will also need to think about locating the investor and positioning the project to be attractive to that investor.