SBA Loans for Flipping?

[Brandon Turner]

Hey, I've heard a lot of news lately about SBA Loans and the government's push on banks to do more of them. Has anyone done these? Especially, has anyone received any SBA Line's of Credit to be used for purchases/repairs/etc on flipping properties? I have a few rentals with some good equity, but little "earned income" to get normal financing.

I know SBA does loans for new start-up businesses. I was thinking that might apply.

Ideally, it would be great to have a $50,000 line of credit to purchase some of the cheap houses around here and stop using expensive hard money lenders. I just don't have the income to justify a normal $50,000 l.o.c.

Thanks