Grant doubles mortgage: "'And you know what SBA had the nerve to tell us?' Breland said. 'That if we had not closed our grant so soon, they would have given the loan to us. But what would you do if you've got your grant papers, saying you can close your grant?
Once I got information about my grant, I went and closed. I thought I was doing the right thing. It caused the SBA to pull back what they offered me. So they're not paying off my primary mortgage. Now I have an SBA note, plus a higher mortgage note for the next six or seven years,' Breland said."
Yet another reason to be glad we passed on the SBA loan.
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