Settlement Approved! Now What?
So after months, and maybe even years, of hard fought negotiations, you finally got your SBA loan settlement approved. Hooray!…
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504 and 7a loans
But I Already Settled With My Bank!
Imagine that you successfully settled your debt, only to have it come back around. Or more specifically, only to have…
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The Puzzling Thing About Some Banks When It Comes to SBA OIC
The OIC process can be a real pain. It can take months, or even years. Paperwork, bankers. SBA people….it can…
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SBA Default: What The SBA Guaranty Means To The Borrower
Lately, we’ve been hearing from a lot of upset business owners. They are not upset because their business has closed…
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Top 4 Mistakes That Borrowers Make Following SBA Loan Default
Run and Hide – If you want to have any hope to save your business, the worst thing you can possibly…
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The Three Most Common Misconceptions About SBA 504 Loan Workouts
Here is a quick synopsis of the SBA 504 loan: 1) There is a “regular” commercial loan in 1st lien…
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Why Won’t the SBA Help My Business?
If there is one common point of frustration among small business owners, it’s this: every newspaper you read is about…
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Settling SBA 504 Loans
About half of the calls I get are from people who have SBA 504 loans. Some have sold their building,…
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Did You Get A 60-Day Letter From SBA? Join The Club!
About 2 months ago, I started getting tons of calls (like 3 or 4 per day) from people who had…
Read moreA Million Reasons To Settle SBA 504 Loans Sooner Than Later
I recently had a client who owed the SBA $1 Million following a short sale of his commercial real estate…
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