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4min chapter
SBA Lending For Buying Businesses + Buildings w/ Angelo Medici
WTF Gym Talk
Discussing Outstanding Debt on EIDL and Applying for Another SBA Loan
This chapter discusses whether it is possible to have outstanding debt on an EIDL loan and apply for another SBA loan. It explains that the EIDL loan does not affect other SBA loan thresholds, balances, maximums, or minimums, and mentions the possibility of subordinating the EIDL loan to a new loan for financing.
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