Use of proceeds for repayment of other loan

N.J.S.A. 17:9A-59.34, under Chapter 9A.

N.J.S.A. 17:9A-59.34

17:9A-59.34. Use of proceeds for repayment of other loan

Nothing in this act shall prevent a bank from making a small business loan, the proceeds of which will be applied in whole or in part to the repayment at or before final maturity of a loan theretofore made under the provisions of this act or otherwise. L.1964, c. 162, s. 10.