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Updated about 5 years ago on . Most recent reply

SBA Loans Who has received them?
I am in My 2 stages of the EIDL loan. They are talking about Collateral in the loan Docs. But do not have a list. Are they putting a lean against all of my Properties? If so I’ll tuff this out with out there money.
Any help will be greatly Appreciated.
Most Popular Reply

Applied and received loan in name of LLC, but the loan documents only take a security interest in personal property, meaning items like accounts receivable, furniture, equipment etc that the LLC owns, not real estate. They did not require a mortgage or a deed of trust.