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Updated over 4 years ago,

Kenny M.'s profile image
Kenny M.'s profile image
Kenny M.
  • from Yonkers, NY
  • Member since May 9, 2017
Connect

User Stats

55
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8
Votes
Kenny M.'s profile image
Kenny M.'s profile image
Kenny M.
  • from Yonkers, NY
  • Member since May 9, 2017
Connect
Kenny M.
  • Yonkers, NY
8
Votes |
55
Posts
Private Lending & Conventional Mortgage Advice

EIDL loans and purchasing fixed assets

Kenny M.
  • Yonkers, NY
Posted

I was talking to someone and she said if a company receives any EIDL loan they cannot purchase any fixed assets during the time you have the loan outstanding. Should this be true, what happens to people who have the loan and are also in real estate? Does this mean a person or a business can no longer purchase buildings with other funds? Very confusing.

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