Ability to Repay

Ability to Repay. All applicants must be credit worthy and demonstrate the ability to repay the loan, must be in compliance with all state and federal regulatory agencies, and must not be in default on any previous loans from the state or federal government. No minority business will be eligible if it is: A. A charitable institution or nonprofit organization B. A newspaper, magazine, radio, television broadcasting company or similar enterprise through which editorial opinions are expressed C. Engaged in the business of lending, directly or indirectly