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Eventually, Marquette Bank agreed to back his idea with an $833,000 export working capital loan, which was 90-percent backed by the SBA. 3505(b) does not apply to an ordinary working capital loan even if the party supplying the funds knows that part of the funds will be used for wage payments in the ordinary course of business. MADS includes capital leases and a working capital loan, which fully mature in fiscal 2010. |
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