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SBA Articles

4 Common Questions About SBA Liens Answered

As part of obtaining your SBA 7a loan you may have pledged your personal residence as collateral.  This seemed to be an afterthought to obtain your SBA loan.  However, once the business defaulted on the SBA loan, the SBA lien has become a huge headache. https://youtu.be/VOTYIUqNoHA This article answers the four questions homeowners have about…

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SBA Loan Programs: Which Ones Are Right for You And The Pitfalls Of Default

Picking out of the Best SBA Loan Programs We take a moment to look at the biggest factors when choosing from well known SBA loan programs, and what you can do to help your business… and the risks you face in the event of default. SBA Loan Programs Of the top five reasons why businesses…

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Understanding the SBA’s Form 148, Unconditional Guarantee, and SBA Form 148L, Unconditional Limited Guarantee

  Required Guarantee Agreements and Collateral Documents for participating SBA Lenders originating 7(a) Loans and Certified Development Corporations issuing SBA 504 Loans. Video Transcript In order to secure SBA guaranteed loans originated by SBA 7(a) Lenders or SBA 504 debenture-guaranteed loans serviced by Certified Development Corporations (CDCS), the SBA issued the Unconditional Guarantee (Form 148)…

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How To Secure Small Business Loans with Bad Credit

Have poor credit? Got a small business idea? Turns out, you can still get the funding you need. Discover how you can secure small business loans with bad credit The honest truth is this: having a bad credit score doesn’t mean it’s all over for you! If you’re an entrepreneur with a less-than-average credit rating,…

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Litigation & Collection Weapons in California That Can Be Used By Lenders, CDCs And SBA Involving An SBA Loan Default

Litigation & Collection Weapons in California That Can Be Used By Lenders, CDCs And SBA Involving An SBA Loan Default Video Transcript The transcript of the video follows below for further review. A major concern facing 7(a) Lenders, Certified Development Corporations (CDCs) or the SBA is whether the SBA guarantor possesses any reachable assets to…

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SBA Loan Rates: What to Expect from Your SBA Loan Upon Default

If you’re applying for an SBA loan, you need to know exactly what you’re signing up for as you complete the process. Here are common SBA loan rates to expect and what you can expect if you default on your SBA loan. SBA loan interest rates and interest rates upon default. You’ve probably heard about…

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Which Industry Has the Most SBA Loan Defaults?

Which businesses are defaulting most on their SBA loans? Learn what’s behind these SBA loan defaults and what you can do about yours. SBA loan defaults Small Business Administration (SBA) loans can help a small business grow and succeed. The SBA works with lenders and small businesses to ensure each party benefits. Still, there is…

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What Is CAIVRS And Can I Be Released?

You may have recently applied for an FHA loan, for example, and were told that you are on CAIVRS.  What is CAIVRS and can you get off the list? Landing on CAIVRS means no government backed loans What Is CAIVRS? CAIVRS refers to the Credit Alert Verification Reporting System.  Only the government could add an…

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What to Expect From the Loan Debt Collection Process

If you’re struggling with loan debt, the last thing you need is to be blindsided by collectors. Here’s what to expect during the debt collection process. Loan Debt Shackles You We know how it goes. One missed payment snowballs into two, three, or four missed payments. The fees add up and all of a sudden,…

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Legal Enforceability of the SBA Note and Personal Guarantee

What defenses are available to challenge the legal enforceability of an SBA Note and Personal Guarantee? When a small business defaults on an SBA loan, the lender or CDC will try to liquidate all pledged collateral to reduce the loan balance.  If liquidation efforts do not fully pay back the loan, the lender or CDC…

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HURRICANE HARVEY AND HURRICANE IRMA: SBA DISASTER LOAN RELIEF

HURRICANE HARVEY AND HURRICANE IRMA: SBA DISASTER LOAN RELIEF Video Transcript In the aftermath of Hurricane Harvey in Houston, Texas and in the wake of Hurricane Harvey that is currently reeking havoc in Florida, the U.S. Small Business Administration (SBA) will eventually play a major role in disaster relief – just like when the SBA…

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Frequently Asked Questions: Administrative Wage Garnishment of SBA Debts

What is Administrative Wage Garnishment? Administrative wage garnishment (AWG) is the ability to divert a percentage of a SBA debtor’s disposable pay without having to go through the court system. The Debt Collection Improvement Act of 1996 provides that the federal government can garnish the wages of any employee to satisfy a delinquent non-tax debt…

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We are here to help you with your SBA loan problems.

If you owe more than $30,000, call our experienced attorneys at (888) 303-6975 anytime for a Free Case Evaluation

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Helping provide real solutions to individuals who are facing SBA loan problems. Contact one of our experienced SBA Attorneys and Federal Agency Practitioners today for a Free Case Evaluation - (888) 303-6975. 

We are here to help you with your SBA loan problems.

If you owe more than $30,000, call our experienced attorneys at (888) 303-6975 anytime for a Free Case Evaluation