If the application includes the refinancing of same-institution, SBA-guaranteed short-term revolving debt, in addition to the requirements of (1) through (5) above, the lender's exposure to the applicant will not be reduced.
{"Image DocumentName": "If the application includes the refinancing of same-institution, SBA-guaranteed short-term revolving debt, in addition to the requirements of (1) through (5) above, the lender\u2019s exposure to the applicant will not be reduced.", "Image ImageDescription": "Required Documents - A copy of the note(s) and an explanation of the terms and conditions of any debt(s) being refinanced. A copy of the transcript of the account. A borrowing base certificate with an aging of receivables and list of inventory, as necessary. If the short term revolving debt to be refinanced was not revolving in accordance with the terms of the note, the debt is not eligible to be refinanced under CAPLines. If the applicant defaults on the SBA-guaranteed loan within 90 days of the initial disbursement, the SBA may deny liability on its guaranty. .", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}