Indiana Statutes

§ 5-28-21-18 — Loan or loan guarantee time limits

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 28 INDIANA ECONOMIC DEVELOPMENT·Ch. 21 Small Business Incubator Program

A loan or loan guarantee under this chapter may not exceed the lesser of:

(1)ten (10) years; or
(2)the useful life of the property for which the loan is granted or guaranteed, as determined by the United States Department of the Treasury.

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Legislative History

As added by P.L.4-2005, SEC.34.

Nearby Sections

15
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