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Updated about 5 years ago on . Most recent reply

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63
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40
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Thomas Oliver
  • Summit, MS
40
Votes |
63
Posts

SBA Loans Who has received them?

Thomas Oliver
  • Summit, MS
Posted

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

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49
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42
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Ward Conville
  • Rental Property Investor
  • Hattiesburg, MS
42
Votes |
49
Posts
Ward Conville
  • Rental Property Investor
  • Hattiesburg, MS
Replied

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.

  • Ward Conville
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