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
Find an EB-5 Visa Lawyer: Immigration AttorneyIf 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
Find an EB-5 Visa Lawyer: Immigration AttorneyAttorneys take a different position on this; speak with your lawyer.
Lynne Feldman
Find an EB-5 Visa Lawyer: Immigration AttorneyAs long as the loan is not secured by the project in which you are investing, it should be fine.
Linda Liang
Find an EB-5 Visa Lawyer: Immigration AttorneyYes, 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
Find an EB-5 Visa Lawyer: Immigration AttorneyYes. The USCIS is concerned with the source of funds that make up the loan proceeds and not when or how you repay 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.