SBA Issues Warning – Suspects Fraud with EIDL Loans

Written by Florida Condotel Mortrgage on July 29, 2020. Posted in Florida Condotel Mortgage.

There are “strong indicators of widespread potential fraud” in the small business Economic Injury Disaster Loan (EIDL) program, says SBA’s inspector general. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

#floridacondotels #floridacondotelmortgage #floridacondotelfinancing

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Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions.

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