Why the SBA Should Allow EIDL Loans to Be Eligible for the Offer in Compromise Program
Hi, and welcome! My name is Jason Milleisen, and I’m the founder of Distressed Loan Advisors. You can schedule a…
Read moreHi, and welcome! My name is Jason Milleisen, and I’m the founder of Distressed Loan Advisors. You can schedule a…
Read moreBelow is a lightly edited transcript from my most recent YouTube video, which you can watch here. Good morning, guys….
Read moreNote: This is a transcript from this recent Youtube video. Good morning, guys. My name is Jason. I am the…
Read moreNote: The article below is based on this Youtube Video I recently posted: As the founder of Distressed Loan Advisors,…
Read moreJason Milleisen, founder of Distressed Loan Advisors, addresses seven common questions about EIDL loans and personal guarantees. He clarifies that lenders can’t add a personal guarantee after the loan is signed, and a personal guarantee doesn’t mean pledging personal assets like a home. He explains that selling a business doesn’t release the original borrower from liability, while filing for bankruptcy may include EIDL loans, though he advises consulting a bankruptcy attorney. Lastly, he notes that defaulting typically leads to enrollment in the Treasury Offset Program rather than lawsuits, unless fraud is involved.
Read moreNote: This article is based on the video below: Good morning, everyone! My name is Jason Milleisen, founder of Distressed…
Read moreNote: the article below is a lightly edited transcript of the video below. Hey guys, my name is Jason. I’m…
Read moreHey everyone, Jason here, founder of Distressed Loan Advisors. If you’re looking to book a time with me, you can…
Read moreWant live one-on-one advice? Schedule time with Jason Milleisen, founder of Distressed Loan Advisors here. As we move into February…
Read moreComplete COVID Collections Act: What Borrowers Need to Know as it pertains to EIDL
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