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Get the free SBA 504 Sample Agreement Addendum - State of Illinois - illinois

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PARTICIPATION LOAN PROGRAM Master Participation Agreement No. Master Participation Agreement Addendum No. MASTER PARTICIPATION AGREEMENT ADDENDUM FOR SBA-504-SUPPORTED PROJECTS between ILLINOIS DEPARTMENT
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How to fill out SBA 504 sample agreement:

01
Start by carefully reading the entire agreement to understand its terms and conditions.
02
Provide the necessary information about both parties involved in the agreement, such as their names, addresses, and contact details.
03
Fill in the specific details of the project or loan, including the purpose of the loan, the loan amount, and the terms of repayment.
04
Review any additional provisions or clauses in the agreement, such as collateral requirements or prepayment penalties, and make sure to understand and fill them out correctly.
05
Sign and date the agreement, ensuring that all parties involved in the agreement do the same.
06
Make copies of the filled out agreement for all parties involved and keep the original document in a safe place.

Who needs SBA 504 sample agreement?

01
Small business owners who have applied for and been approved for an SBA 504 loan. This loan program provides long-term, fixed-rate financing for major fixed assets, such as land, buildings, and equipment, to help small businesses grow and expand.
02
Lenders who are providing the SBA 504 loan to the small business. They need the agreement to outline the terms and conditions of the loan, including the repayment schedule and any collaterals required.
03
Government agencies and SBA-appointed officials who are involved in overseeing the administration and compliance of the SBA 504 loan program. They need the agreement to ensure that it meets all the necessary regulations and guidelines.
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The SBA 504 sample agreement is a legal document outlining the terms and conditions of a loan provided under the SBA 504 loan program.
The borrower and lender are required to file the SBA 504 sample agreement.
The SBA 504 sample agreement can be filled out by providing all necessary information about the loan terms, repayment schedule, interest rate, and other relevant details.
The purpose of the SBA 504 sample agreement is to establish the legal rights and responsibilities of both the borrower and the lender in a loan transaction.
The SBA 504 sample agreement must include details such as loan amount, interest rate, repayment schedule, collateral, and any other terms and conditions of the loan.
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Relevant keywords

1961 1979 ILLINOIS DCEO SBA DCEOs ILCS seq SBA-504-SUPPORTED SBA-504 Transmittal evidencing hereof FEIN Participations Nonresident C-Corporation Wetland grantees P-Partnership 33E-3 Pmt guaranties 33E-4 thereunder Princ D-Disregarded undersigneds nonaccru

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