Could we get CRA credit for an unsecured LOC to a small business, I obviously need to do more research on the whole LOC issue, but if it stabalizing a business, then yes???
iF ITS AN LOC TO A SMAL BUSINESS FOR A SMALL BUSINESS PURPOSE YOU CAN REPORRT THE ENTIRE AMOUNT OF THE LINE AS LONG AS THE ORIGINATION AMOUNT IS 1 MILLION OR LESS.
iT IS NOT NECESSARY TO REPORT EACH DRAW.
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