Can I rent out part of my building after the SBA loan is funded?

If the project involves an Existing Building purchase, the occupancy requirement of the borrower’s business is 50%. For a New Construction project, the initial occupancy requirement is 60% and after 10 years the requirement is 80%, therefore, the allowable Permanent Lease space is 20%. Subleases are required for each third party-tenant.

Posted in: Borrower