I am a flipper ( buy and sell houses) Do I fall into any of these restrictions below?
Passive Businesses
Passive businesses owned by developers and landlords that do not actively use or occupy the assets acquired or improved with the loan proceeds (except as Eligible Passive Companies under 13 CFR § 120.111) are not eligible.
Businesses primarily engaged in subdividing real property into lots and developing it for resale on its own account are not eligible.
Businesses that are primarily engaged in owning or purchasing real estate and leasing it for any purpose are not eligible. For example, shopping centers, salon suites, and similar business models that generate income by renting space to accommodate independent businesses that provide services directly to the public are not eligible.