Category Archives: SBA Loans

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

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Modifying Your SBA Or Bank Loan.. Definitely Not The Way To Go

I talk to many borrowers who have guaranteed SBA loans who experience problems and cannot make the payments.  Revenues are down sharply, expenses and overhead are increasing and debt service is impossible to support. Typically, thus they want to modify … Read More

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What exactly happens to an SBA loan when you file for bankruptcy?

This is not intended to be legal advice, see an attorney for that, but as businessmen we must always consider the implications of many legal acts before we see the attorney, and thus must be free to discuss general concepts. … Read More

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SBA Loan Default And Advice

Many high-risk small business loans are guaranteed by the SBA. This is both good and not so good. Good, because you probably would not have gotten the loan without the SBA guaranty. Not so good because the requirements for the … Read More

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My New Year’s Greeting And Instructions To All Small Business Owners

DO YOUR WORKOUT IMMEDIATELY! Here is why… Despite the small advances our economy has made, and despite the possibility that your business has stabilized, reached bottom, or maybe even picked up a little, a few truths are clear: 1. Our … Read More

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