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4d <br />6. Acquisition of owner-occupied commercial real estate (7- <br />year maturation). <br />7. Tenant upfit and lease-hold improvements. <br />8. A small business loan request that is to be used in <br />conjunction with other financing --c~~ will be <br />considered on a case-by-case basis. <br />LOAN PROCEEDS SHALL NOT BE USED FOR THE FOLLOWING <br />1. Refinancing of existing bank debt or investor loans. ~ <br />~e~~e~-re~C-e~~~~rsee~i~t- The Doan Committee <br />may grant an exception of up to 50°s of loan value.} <br />2. Purchase of equipment or improvement of real estate which <br />~s are used ~ or to be used for personal ~~ use. <br />3. Political activities. <br />4. Owner salary and dividend payments beyond an agreed amount. <br />5. Speculative ventures (Examples: drilling for gas or oil, <br />commodity futures). <br />6. Lending or investment. <br />7. Real property held for sale or investment. <br />8. Pyramid sales - distribution plan businesses. <br />9. Floor plan financing. <br />1~----I~i~L,~~~~i~~~i~i~a~-e~l~g~s--ex~Yro- ~~G <br />~~ree'~ee-~~e~eal~e-t~.e~ ~e~~e~e- <br />10.3-~ Foreign controlled businesses. <br />11.3-~- Non-profit institutions. <br />1.2.3 Private membership clubs. <br />COMPLIANCE WITH APPLICABLE REGULATIONS <br />In all cases, loans made from this program must be consistent <br />and in accordance with the following: <br />3 <br />