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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BK/Judgements/Foreclosure
When Real Estate Prices Go Up, So Do SBA Loan Settlement Amounts
Back in 2009, SBA loan defaults were through the roof at most major SBA lenders. The stock market had taken…
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Repercussions of an SBA Loan Default
When you took that SBA loan a few years back, all those papers you signed sure did have a lot…
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Short Sales, Foreclosures and SBA Loan Default
For thousands of business owners, the failure of a business means more than just closing the doors and walking away. …
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SBA Loan Default: Personal Judgments – What Can Happen?
(Note: the author is not an attorney, and this article should not be construed as legal advice. Readers are strongly…
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They Won’t Put Me In Jail, Will They?
Defaulting on your SBA debt (or any debt, for that matter) is a stressful experience for most people. Fear of…
Read moreCan You Discharge an SBA Loan in Bankruptcy?
(Note: The author is not an attorney and this article should not be construed as legal advice.) This question seems…
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SBA Settlement or Bankruptcy?
(Note: The author is not an attorney and this article should not be construed as legal advice.) As you can…
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SBA Loan Foreclosure – They won’t really take my home, will they?
In my experience, there are two events that borrowers fear the most with respect to the repercussions of an SBA…
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How can I stop my SBA Lender from Foreclosing on my home?
I got a call this week from a guy who is going to lose his house next month. He had…
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