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Updated over 4 years ago,

CJ M.'s profile image
CJ M.'s profile image
CJ M.
  • Rental Property Investor
  • from Canton, OH
  • Member since Dec 25, 2017
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User Stats

1,132
Posts
1,190
Votes
CJ M.'s profile image
CJ M.'s profile image
CJ M.
  • Rental Property Investor
  • from Canton, OH
  • Member since Dec 25, 2017
Connect
CJ M.
  • Rental Property Investor
  • Canton, OH
1,190
Votes |
1,132
Posts
Private Lending & Conventional Mortgage Advice

Why not take secured EIDL?

CJ M.
  • Rental Property Investor
  • Canton, OH
Posted

I've been approved for a pretty sizable secured loan. I read the terms, spoke with seasoned investors, and spoke with SBA. Unless I'm missing something, it seems that taking this loan is a no brainer.

What am I missing? Does anyone disagree? What are the main cons? How will it prevent me from growing my business?

I only see a lot of opportunity/potential with this loan

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