Question on a cash out refinance

[Robert S.]

We got approved for a SBA loan under our corporation and decided to invest it in real estate. Found a nice condo it’s in a duplex like building closing on it next week. Have more cash to put into a renovation and then plan on renting it out.

Once rented out and I have a good feeling I would like to pull the money back out and look for another property and do it all again.

My question is when we do that do the loan payments start right up or can you keep the loan money frozen until we find a property and purchase it. Last thing I need is to be paying 2 loans sitting on cash while looking for a property because it is something I do not wanna rush.

Guess I can call a loan person and ask but since I wanted to sign up to this site for a while might as well throw it out there and see if anyone knows. Thanks.