# Use of Proceeds

The text fields allow you to enter dollar amounts for one or more of the following use of proceeds:

Purchase Land Purchase Land and Improvements Purchase Improvements Construct Building Add to Existing Building Renovate Existing Building Pay Off Interim Construction Loan Pay Off Lender's Interim Loan Leasehold Improvements Purchase Equipment Purchase Furniture and Fixtures Purchase Inventory | Pay Trade or Accounts Payable Pay Notes Payable (not Same Institution Debt) Pay Notes Payable (Same Institution Debt) Purchase Business Asset Purchase Business Stock Refinance SBA Loan (Not Same Institution Debt) Refinance SBA Loan (Same Institution Debt) Working Capital SBA Guaranty Fee Other

The Use of Proceeds section must be completed so the applicant's SBA loan payment can be computed.

7(a) loan proceeds may be used to establish a new business or to assist in the operation, acquisition or expansion of an existing business. Eligible use of proceeds include, but are not limited to:

- purchase of land or buildings, to cover new construction as well as expansion or conversion of existing facilities
- acquiring equipment, machinery, furniture, fixtures, supplies, or materials
- long-term working capital, including the payment of accounts payable and/or for the purchase of inventory
- refinancing existing business indebtedness that is not already structured with reasonable terms and conditions
- short-term working capital needs, including:
  - seasonal financing
  - contract performance
  - construction financing
  - export production
  - financing against existing inventory and receivable under special conditions
- purchasing an existing business.