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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationCan a Landlord use PPP Loan to pay off their loans on rentals?
Tracey Thornton's profile image
Tracey Thornton's profile image
Tracey Thornton
  • Investor
  • from Monroeville, Ohio
  • Member since Sep 12, 2016
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Tracey Thornton's profile image
Tracey Thornton's profile image
Tracey Thornton
  • Investor
  • from Monroeville, Ohio
  • Member since Sep 12, 2016
Connect
Tracey Thornton
  • Investor
  • Monroeville, OH
7
Votes |
43
Posts
Tax, SDIRAs & Cost Segregation

Can a Landlord use PPP Loan to pay off their loans on rentals?

Tracey Thornton
  • Investor
  • Monroeville, OH
Posted Apr 20 2020, 04:10

I see that there may be a second wave of Stimulus packages offered from SBA. I am a landlord with 13 rentals, and was considering applying for a PPP loan or EIDL loan, as to pay off my commercial loan at a much lower interest rate? Does anyone know if this is allowable? Any advice would be appreciated.

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