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How is it possible for an associate so you’re able to refinance a preexisting financing?

How is it possible for an associate so you’re able to refinance a preexisting financing?

Most definitely. There is no regulatory restriction into the number of fund just the limit dollar number but preparations was liberated to demand particularly a limit. It may be a limit towards quantity of an excellent fund any kind of time once otherwise a hold off since you to definitely loan is reduced until another loan shall be drawn or almost anything between.

Keep in mind, but not, your way more limitations that are imposed, the greater amount of diligent men must be to make certain men and women limitations is actually consistently used. Read more