How can I use both funds from friends and a bank loan to pay for my EB-5 investment? - EB5Investors.com

How can I use both funds from friends and a bank loan to pay for my EB-5 investment?

I am opening a business and getting the investment from my friends and family in return for a stake in my business. I am also getting a loan from a bank. How can I use this and prove source of funds properly to apply for an EB-5 visa?

Answers

Salvatore Picataggio

Salvatore Picataggio

Immigration Attorneys
Answered on

You can use multiple sources of funds. Gifts must truly be gifts. Loans may need to be secured by personal assets.

Fredrick W Voigtmann

Fredrick W Voigtmann

Immigration Attorneys
Answered on

You can use multiple sources of funds for your EB-5 investment. You must show the lawful source and path of funds for all EB-5 capital invested, and you must show that the capital is at risk. Any indebtedness should not be secured by the assets of the new commercial enterprise, but it could be secured by your personal assets.

Lynne Feldman

Lynne Feldman

Immigration Attorneys
Answered on

You may use your own funds or loans from friends or a bank, but they may not be secured by an interest in the EB-5 business.

Bernard P Wolfsdorf

Bernard P Wolfsdorf

Immigration Attorneys
Answered on

In the past, unsecured loans have not been successful. You have to make the investment, so if these people gift the money to you, that is likely the best option. You have to make the investment that creates the necessary jobs.

Belma Demirovic Chinchoy

Belma Demirovic Chinchoy

Immigration Attorneys
Answered on

The invested funds must be yours. So no, the friends and family have to gift you the funds and you have to invest them in the business.

Michael A Harris, Esq

Michael A Harris, Esq

Immigration Attorneys
Answered on

You can utilize gifts of funds from friends and family. Loans provided to investors cannot be secured using the assets of an EB-5 business. I recommend you speak with an EB-5 specialist to discuss whether all of the funds you plan to invest are properly at risk.

Sam Silverman

Sam Silverman

Business Plan Writers
Answered on

This can be easily accomplished. You just need to show how your friend obtained the funds and the paperwork from the bank for the loan.

DISCLAIMER: the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal, immigration, and financial experts prior to participating in the EB-5 program. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public: do not include confidential information in your question.