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Small Business Commercial Loans - Recall Terms
04/16/08
Small Business Commercial Loans - Recall Terms
Link: http://tinyurl.com/52ypdz
A recall possibility for commercial loans allows the lender to call the loan, thus forcing the borrower to repay prior to the the loan expiration. Many traditional commercial lenders (especially local and regional banks) routinely place recall clauses in their business loan agreements. The conditions which can trigger a recall will vary.
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