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I own a small real estate business, rent out can I borrow money because renter have not paid in over 6 month and I use money to pay insurance and real estate taxes

AI accountant’s answer:

Before going to a commercial lender, we recommend applying for PPP or EIDL loans if you haven't already. These are much cheaper, and a portion doesn't need to be repaid. We've put together a guide on how to do that here:

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Melissa Pedigo, CPA

Melissa Pedigo has been a CPA for over 20 years and she is one of the only CPA copywriters in the world. With a vast knowledge of U.S. tax and accounting, she’s able to write about tax and finance topics from a unique perspective...as an industry expert. When she’s not writing or being an accounting nerd, you’ll find her watching and playing tennis, reading, tending to her half-grown garden, and studying foreign languages

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