[StBernard] SBA Requirement to Sell

[Westley Annis]

Westley:
 
The only requirement we were given was that 100% of the sales proceeds had
to be applied directly to the loan balance (if the loan has already been
funded), or if the loan has not been funded as of yet, then the approved
loan amount is reduced by the amount of the sales proceeds. 
 
John Richardson

 
	-----------------------------------------------------
	Has anyone who is dealing with SBA and a relocation loan been told
that they
	must sell their old property within two years to pay down their
loan? 
	
	Westley