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Author Archives: Greg Wales
Seller Take Back – The Other Secured Creditor
Very often when a client comes on board at Second Wind Consultants the bank is not the only creditor that has a secured interest in the business and is making it very difficult for the business to survive. A good … Read More
Posted in Our Employee Blog
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Saving a Job and a Home
A client of Second Wind recently came to us with a unique problem. They were on the verge of losing their home and business because they were one in the same. This client lived and worked in a hotel that … Read More
Another Successful Offer in Compromise – Over $1,000,000 in Debt Forgiven
This client owned a national food manufacturing company. They turned their lifelong hobby into a business that initially showed signs of success. Unfortunately, as the market crashed in 2008, consumers stopped spending money on the type of high end foods … Read More
Recent Success in Avoiding Receivership
A new client recently came on board at Second Wind with an immediate issue. The bank was coming down on the company hard and the banks representatives were hell bent on sending a receiver into the business within days, which … Read More
Get the bank to show you their appraisal
An often overlooked negotiating tool when going through and short sale of any type of business asset, commercial real estate, or residential real estate is asking for the bank to show you their own appraisal they had conducted. Often times … Read More
Posted in Business, Debt Workout, SBA Loans, Secured Bank Loans
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