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The Dangers of an Asset Dump and Buy-Back Strategy to Escape SBA Loan Debt

SBA Loan Debt: Asset Dump & Buy-Back Strategy Video Transcript  The Dangers of an Asset Dump and Buy-Back Strategy to Escape SBA Loan DebtThere are some non-attorney loan workout companies out there that are actively promoting an asset protection plan for small businesses with troubled SBA loans wherein the small business transfers its assets in…

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When Is It Time to Hire a Small Business Attorney?

Having a business attorney is definitely a great idea when the time comes, but when is that time? Check out this article to find out when is the perfect time you should consider hiring a small business attorney now! Small Businesses and Small Business Attorneys Wondering if your company needs a small business attorney? Then…

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Personal Guarantees on Business Loans: What The SBA Wants You to Know

What You Need to Know About Personal Guarantees on Business Loans Is a personal guarantee a must for SBA loans? What if you don’t have assets to pledge? Here’s everything you need to know about personal guarantees on business loans and why one might be necessary if you’re hoping to get an SBA guaranteed loan.…

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4 Questions About CAIVRS Answered

Have you been informed that you are on the CAIVRS list and now you may lose a government backed loan?  Read on to learn the answers to some of your CAIVRS questions including “Can I get a CAIVRS waiver?” https://youtu.be/CnTXlviF-T0 What is the CAIVRS System? CAIVRS (Credit Alert Verification Reporting System) is operated by the…

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Are SBA Loan Debts Dischargeable in Chapter 7 Bankruptcy?

Are SBA Loan Debts Dischargeable in Chapter 7 Bankruptcy? Video Transcript  The transcript of the video follows below for further review.Are SBA Loan Debts Dischargeable in Chapter 7 Bankruptcy?The short answer to this commonly-asked question is – generally, yes.  But, there are significant risks that SBA business owners, SBA guarantors and SBA obligors should be…

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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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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) and…

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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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