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.

Tuesday, July 6, 2010

Keeping Your Banker Happy During A Workout Scenario Is Not About Doing What They Want.

Link

When we get involved, we communicate to the bank with complete clarity that payment is impossible and that we will act responsibly and professionally with full disclosure of all pertinent financial information and full cooperation in anything else the bank reasonably requires.

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)