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The Minority Business Direct Loan Program determines the eligibility of a business by.
Under an interest-only loan, you have to pay back the interest charged for each month but not the principal.
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In determining whether payments fall due in substantially equal intervals, a lender may disregard that dates of scheduled payments may be slightly changed because the scheduled date is not a business day, that months have different numbers of days, and the occurrence of leap year.
Failure to make timely payments may result in NSF or late fees.
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