Permitted Use for EIDL Loan -- can I pay off hard money?

[Kase Knochenhauer]

We've been approved for an EIDL Loan for our rental portfolio and flipping company.

After the funds cleared I've been trying to determine how these funds can be used. Here are a two real situations that I'm having trouble determining:

1. paying off short-term hard money when commercial financing was delayed  -- this seems permissible since it's not long term debt
2. performing improvements on rental properties -- these were planned but delayed due to COVID-19 has put these on hold.

Any tax pros or attorneys here than can better assist to what is and is not permitted use for our EIDL loan?

Thanks for the assistance.