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?
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.
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.
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.
As long as the investment continues, paying off the loan does not affect the application.
There is no problem in you paying off the loan quickly after you obtained the loan to fund EB-5 investment.
