Renter's or Homeowner's Declaration required by the CDC to prevent evictions before Dec. 31, 2020 or if extended the new date.
- 12-6-2020
- Evictions
- Question 261
E. Ineligible Uses of Loan Proceeds:
EIDL proceeds may not be used for:
Payment of any dividends or bonuses;
Disbursements to owners, partners, officers, directors, or stockholders, except when directly related to performance of services for the benefit of the applicant;
Repayment of stockholder/principal loans, except when the funds were injected on an interim basis as a result of the disaster and non-repayment would cause undue hardship to the stockholder/principal;
Expansion of facilities or acquisition of fixed assets;
Repair or replacement of physical damages;
Refinancing long term debt;
Resource link: https://www.sba.gov/sites/default/files/2018-06/SOP 50 30 9-FINAL.PDF
"Providing resource supported answers."
* Your IP address 3.239.51.78 will be saved with your question and used only to prevent spam.
** Please be sure to include your email address and your name if you would like your question answered.
"The best way to get the right answer on the internet is not to ask a question; it's to post the wrong answer."
Don't allow misleading or misinformation to cost you. Nearly all of the wrong answers come from not knowing where and how to search for the correct answers.
Craftsman Cottage style home with full width front and rear porches. Home designed with center courtyard with...