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Updated over 4 years ago, 06/30/2020

User Stats

134
Posts
22
Votes
Jay Y.
  • Real Estate Agent
  • Atlanta, GA
22
Votes |
134
Posts

EIDL and physical repairs

Jay Y.
  • Real Estate Agent
  • Atlanta, GA
Posted

I'm not sure exactly where to post this question but here it is, I was one of the fortunate ones to be granted an EIDL from the SBA.  There's a clause that says it can't be used for physical repairs which makes sense if you have a brick and mortgage store/office but in our case as rental property owners, can I use the loan funds for a repair such as a gutter replacement???  I haven't called the SBA, kind of afraid to get an answer from someone who doesn't really know the answer.  Hopefully someone can provide some information here that I can use when I do call the SBA.  Thanks in advance!

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