- (a) Prior to loan approval, the applicant shall provide evidence to the Department that it has secured matching funds from a lender for the project for which the loan is requested. The type of evidence that the Department will require will be in the sole discretion of the Department.
- (b) The applicant shall also provide a letter from the lender providing matching funds recommending that a loan under this chapter be granted and stating that its loan to the applicant would not be feasible without a loan from the Department.
Cross References
This section cited in 7 Pa. Code § 138d.3 (relating to amount of loan); 7 Pa. Code § 138d.7 (relating to general conditions); and 7 Pa. Code § 138d.12 (relating to action by Secretary).