EIDL loan restrictions on distributions - Spidell

EIDL loan restrictions on distributions

Log in to Post

Message Board EIDL loan restrictions on distributions

  • This topic has 0 replies, 1 voice, and was last updated 3 weeks ago by Anonymous .
Viewing 0 reply threads
  • Author
    Posts
    • #258573
      Anonymous
      Member

      The EIDL loan documents contains a provision that states “Borrower will not, without the prior written consent of SBA, make any distribution of Borrower’s assets …”. Does this mean that the entity must obtain approval from SBA for each cash distribution to the owners over the 30 year term of the loan?

Viewing 0 reply threads