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re: SBA Help
Posted on 10/11/12 at 11:34 am to CWilken21
Posted on 10/11/12 at 11:34 am to CWilken21
They did this to my brother. The made the closing attorney hold the money until he purchased his new home. Then it was a pain in the arse to get the SBA to notify the attorney to release the funds. Unfortunately you wont be able to take your cash out until you close on the home your building.
Good news is they probably wont remember to place the lein on the property.
Good news is they probably wont remember to place the lein on the property.
1
Posted on 10/12/12 at 6:22 am to SippyCup
From talking to the guy at sba, it sounded like we were forced to put all of our profit towards the loan and couldn't do with it as we wished.
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