Regulatory Alerts2023-08-28
Added · Updated
Does the Working Capital Loan Limit Apply to All Loans?
The regulatory authority clarifies that the working capital loan limit does not apply to non-working capital loans. Banks and financial institutions may instead provide other business-required loans in accordance with existing policies and regulations. This directive ensures lending limits remain strictly confined to working capital purposes while permitting other business financing under current rules.
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Does the Working Capital Loan Limit Apply to All Loans?
The limit for working capital loans does not apply to loans other than working capital. Banks and financial institutions may provide other loans required for business purposes in accordance with existing policies and regulations.
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