How To Qualify For An SBA Loan Deferment
(Distressed Loan Advisors offers expert advice about SBA loan modifications and the Offer In Compromise process, and can be reached…
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Loan Modifications and Deferments
SBA Default: Deferment vs Modification
(Distressed Loan Advisors offers expert advice about SBA loan modifications and the Offer In Compromise process, and can be reached…
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SBA Loan Modifications Are A Pain In The…
Back when I started my consulting business, I was simultaneously working as a workout officer for a company called CIT…
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SBA Loan Modification: Not The Way To Go?
I recently read an article by a consulting firm about how an SBA loan modification is not the way to…
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How To Qualify For An SBA Deferment or Modification
In this rough economy, the SBA has encouraged lenders to be as flexible as possible in order to help small…
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SBA Default: Loan Modifications in 2020 vs 2010
How are banks treating SBA loan deferments and modifications in 2020?
Read moreWhy is my SBA 7A lender refusing to help with a deferment? October 2024
Want to book a 1-on-1 with Jason? You can do that here. This post is the transcript from this Youtube…
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Why is my SBA 7A lender refusing to help with a modification or deferment?
The article discusses the challenges borrowers face when their loans are referred to the U.S. Treasury for collection, often triggered by a single missed payment. Treasury’s collection process is notoriously rigid, with high fees, limited communication, and unempowered staff unable to provide consistent assistance. Jason Milleisen advises borrowers to avoid this situation by staying in contact with their lenders, as Treasury rarely settles loans and can make debt resolution difficult.
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