Business and Industry national COVID-19 Public Health Emergency Loans.

CFR · 2024-01-01 · US · Title 7

(a) (b) (c) (2) (3) (i) Wages, salaries, sales commissions to employees, group healthcare benefits, and other employee benefits; owner's wages and salaries may be considered if these costs are verifiable and constitute historical working capital costs; (ii) Administrative expenses and administrative service contracts; (iii) Property insurance, hazard insurance, and other business insurance; (iv) Principal and interest payments on outstanding debt excluding owner/stockholder debt and related-party debts; payments may include existing Business & Industry loan payments to bring loans current as loan payments to a creditor are a working capital expense; (v) Rent, payments on leases, and routine maintenance; (vi) Utilities; (vii) Inventory, feed, seed, fertilizer and chemicals, livestock (excluding livestock for breeding) and supplies; (viii) Marketing, shipping, and other expenses incurred through normal business operations or such additional expenses due to challenges directly related to the national COVID-19 Public Health Emergency; (ix) Taxes; and (x) Loan costs and essential loan-related expenses. (4) (i) Purchase and development of land, buildings, and associated infrastructure for commercial or industrial properties, including expansion or modernization; (ii) Business acquisitions; (iii) Leasehold improvements; (iv) Constructing or equipping facilities; (v) Purchase of machinery and equipment; and (vi) Debt refinancing unless such debt refinancing is for debts incurred subs

official document · source cfr-2024 · id 7:§ 4279.190