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I saw a previous post that asked about real estate businesses with rental properties, and saw that they were not eligible for SBA loans. Our business owner finances, so we don't rent out properties, but sell them and keep the note. Would this type of business be ineligible as well? We could be facing an unusually high number of defaults. Would we be eligible for EIDL?

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ami kassar
CEO Multifunding LLC and author of The Growth Dilemma

My understanding is that the requirements for EIDL's are the same as SBA loans - so likely not.