getting a small business loan to fund money down on conventional loans
Hi my name is Eric Hamilton. I live in the Denver metro area. I had a question regarding small business loans for funding the down payment to get conventional financing. I had read some literature a while back about a guy on the east coast doing this a couple of years back. I know there has been alot of changes in the ways financing REI since the recession and really dont know anyone who does this anymore. But I would like to hear some feedback wheather this can be done anymore, if its legal on paper and morally? More specific I would like to know if there are any better options for veteran small business loans. I had looked into the patriot loan that the SBA offers but it says specifically in their it cannot be used for REI. What a bummer because real estate as far as I know is the most safe business start up in the world. Let alone Joe smoh thats getting a loan to fund a ma and pa shop.