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Updated over 4 years ago on . Most recent reply
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SBA Loans Who has received them?
I am in My 2 stages of the EIDL loan. They are talking about Collateral in the loan Docs. But do not have a list. Are they putting a lean against all of my Properties? If so I’ll tuff this out with out there money.
Any help will be greatly Appreciated.
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Applied and received loan in name of LLC, but the loan documents only take a security interest in personal property, meaning items like accounts receivable, furniture, equipment etc that the LLC owns, not real estate. They did not require a mortgage or a deed of trust.