The only language I see is:"Borrower will not, without the prior written consent of SBA, make any distribution of borrower's assets, or give any preferential treatment, make any advance, directly or indirectly, by way of loan, gift, bonus, or otherwise, to any owner or partner or any of its employees, or to any company directly or indirectly controlling or affiliated with or controlled by borrower, or any other companies"

I am also learning about lots of other sources of capital, from 0%APR credit cards, to borrowing against my Govt Thrift Savings Plan.  

The document has all of Jud's answers to various types of questions relating to properties, loans, borrowers, rates and fees, and lender/borrower interactions.Just let me know!

I'm still borrowing money and making a monthly mortgage payment. 

Yes it raises the monthly payment a bit but if after rehab the loan is refinanced, the borrower never really paid much of the MIP if you see what I mean.

Here is what my EIDL documents say and I would like to discuss some points here:Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "Collateral" paragraph hereof without the prior written consent of SBA.USE OF LOAN PROCEEDS· Borrower will use all the proceeds of this Loan solely as working capital to alleviate economic injury caused bydisaster occurring in the month of January 31, 2020 and continuing thereafter ...REQUIREMENTS FOR USE OF LOAN PROCEEDS AND RECEIPTS· Borrower will obtain and itemize receipts (paid receipts, paid invoices or cancelled checks) and contracts for all Loan funds spent and retain these receipts for 3 years from the date of the final disbursement.Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "Collateral" paragraph hereof without the prior written consent of SBA.1.

You presented a few interesting and predictable twists.The 5% rate they normally offer is now recognized as too good to be true and many borrowers are wising up.

I was the lender on a Multifamily in Dayton and the borrower defaulted so I took over the property.

You could use a faster delay financing option but the new loan amount (ReFi) can be no more than the documented amount of the borrower's initial investment.

First - FHA actually does allow the borrower to do the work themselves ("self-help") as long as the borrower has experience with the specific renovations for the project but if the property is located in an area where GC's are required to be licensed/registered, then the borrower doing "self-help" would need to be a licensed/registered GC.