I am planning on receiving a loan and using it as a clear source of fund. Does it matter if I am able to prepay the loan to avoid interest before approval of my I-526E? Could this in any way affect my request for concurrent adjustment of status since I am already in the U.S.?
Answers
Bernard P Wolfsdorf
EB-5 Immigration attorneysIf the loan is secured and if you repay it before the green card it should not be a problem provided again you can show the funds used to repay the loan were lawfully earned.
Belma Demirovic Chinchoy
EB-5 Immigration attorneysAttorneys take a different position on this; speak with your lawyer.
Lynne Feldman
EB-5 Immigration attorneysAs long as the loan is not secured by the project in which you are investing, it should be fine.
Linda Liang
EB-5 Immigration attorneysYes, you can use a loan but this loan cannot be secured. I strongly suggest you hire an attorney to assist you with the details of the repayment plan.
Dennis Tristani
EB-5 Immigration attorneysYes. The USCIS is concerned with the source of funds that make up the loan proceeds and not when or how you repay the loan.
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