An SBA Guaranteed Loan Workout





I speak with people all the time that decide to do it themselves. They figure they can fill out the forms themselves and save the fee, so why pay for expert opinion to represent them in negotiating a workout, ‘after all what could be the big deal, I have nothing to give them.’ How wrong could one be.


No matter what you have heard, defaulted SBA guaranteed loans can be resolved favorably for the borrower.

Monday, June 14, 2010

Debt Workouts Require a Leap of Faith. Get Over It, You Have No Choice!

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Workouts, at least the debt workouts we at Second Wind perform, preserve the business protecting its assets from liquidation at auction, and stripping off the debt. This frees the business to run debt free and reduces the personal guaranty to affordable losses---pennies on the dollar. Whew, what a mouthful that is!

So how can this be? You borrowed the money, you promised to pay it back, you pledged all your assets (business and personal), even having your spouse co-sign the loan, placing your family home at risk. Then, you default, and we say, "No problem, we will save your business and personal assets from foreclosure and liquidation, strip off the debt and then significantly reduce your personal guaranty to affordable losses!" Yes, that is what we are saying.

The bottom line is that you must determine for yourself if we know what we are talking about and whether we have the track record of success and references to support it. You must determine if you can trust us to fight this battle. There can be no guarantee that we will succeed even though we do provide a money back commitment. If you want to see what happens, you have to trust us to do our job. Besides, as I am so frequently asking, "What choice do you have?" The answer, usually, is "none".

Can you trust us? You ask, "How can that happen? You say you can do what others say is impossible and then you even provide a money back guarantee??" It does sound too good to be true, but consider the following:

1) Read the 700+ posts on our blogs and check out my videos. Certainly no one person could have written this material unless they had a lifetime of experience and were an expert on the subject. I reveal my attitude, commitment, opinions, morality, ethics, standards, and a boatload of information. The point is, you will get to know me by reading what I write. I reveal myself, and my character.

2) You can call our references.

3) Accept our invitation and allow me to fly you to us for some concentrated discovery. Meet me and the people who will handle your workouts. You can get to know us and build trust.

4) Read our guarantee: it is bold, confident and supportive.

5) Check out our fee structure, which is based on success, no retainer. You pay a small percentage prior to completion and you'll owe us the remainder after we have delivered the promised results. We schedule payments thereafter. We trust you.

6) We have been doing this for thirty years; we invented this plan and we have written the book on how to do it.

Then, you must answer the question, "What choice do I have?" The answer? None. Bankruptcy is only a choice if you do not want to keep the business going. You must make this leap of faith to survive. What choice do you have?

Call Norm at 413-584-2581 and he will arrange your no-obligation teleconference to discuss your options and to arrange your flight in.



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