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Why I Can Handle An SBA Workout Better Than Your Attorney
I got a call last week from a potential client. We spent about 30 minutes on the phone, and at the end of the conversation he asked if it would be ok if his attorney contacted me. I’ve never had a...
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To Succeed With an SBA OIC, Don’t Do This
I’ve been a SBA Workout Consultant for a while now, and if there is one thing that drives me nuts, it’s this: Clients who make settlement offers, then realize they can’t afford the settlement once the...
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SBA Default and Fraudulent Asset Transfers
(Distressed Loan Advisors (http://www.JasonTees.com) offers expert advice about dealing with SBA Loan Default and Forgiveness, and can be reached at 1-877-436-4533 or loanhelp@jasontees.com.) There is...
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Common Questions about SBA Loan Personal and Corporate Guarantees
(Distressed Loan Advisors (http://www.JasonTees.com) offers expert advice about dealing with SBA Loan Default and Forgiveness, and can be reached at 1-877-436-4533 or loanhelp@jasontees.com.) Question:...
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SBA OIC (Offer In Compromise) and Community Banks
Distressed Loan Advisors (http://www.JasonTees.com) offers expert advice about dealing with SBA Loan Default and Forgiveness, and can be reached at 1-877-436-4533 or loanhelp@jasontees.com. If I were...
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SBA Offer In C…
SBA Offer In Compromise Is A Business Decision When it comes to submitting an SBA Offer In Compromise, many borrowers believe that in order to get their settlement offer approved, they need to explain...
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SBA Offer In Compromise and the Personal Guaranty
I spend my days fielding phone calls from people around the country, almost all of whom have an ongoing issue with an SBA loan. One of the most common complaints that I hear from people pertain to the...
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Another SBA Offer In Compromise “No-No”
I was recently assisting a client with their Offer In Compromise package. As sometimes happens, I asked my client for a number of documents that I knew that bank would ask for, and over a couple of...
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A Million Reasons To Settle Sooner Your SBA 504 Loan Than Later
I recently had a client who owed the SBA $1 Million following a short sale of his commercial real estate (it was a 504 loan). After the short sale, he got some bad advice and offered a nominal amount...
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SBA Workouts: Can I Sell My Business To My Friend?
Lately, I have been getting a lot of calls with a similar theme, so I figured I would offer my thoughts for all to read again (I have addressed this issue is past articles). Most of the calls about...
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