Search
-
Recent Posts
Categories
Category Archives: SBA Loans
Character Is An Important Element Of A Successful Workout
Character is a very important quality for supporting a successful workout. Who would ever think one’s character is relevant in determining the viability of a workout request? Well, it is a very important aspect and it goes like this: When a … Read More
Foreclosure Based On Technical Default Is Increasing At An Alarming Rate
We have noticed that foreclosure based on technical default is increasing. This is happening at a slow but increasing rate, and that is very alarming. This perfect storm and may soon be a tsunami again, just as it was in the … Read More
Posted in Debt Workout, Navigating the Downturn, SBA Loans, Secured Bank Loans
Tagged: technical default
Leave a comment
Debt Workouts Are Not As Hostile And Dangerous As You May Think
Debt workouts are hostile, foreign, dangerous, uncomfortable, upside-down territory where no one wants to tread… except us. I get it. I do understand this sentiment as everyone in default shares it. No one wants to do a workout, ever. No … Read More
Why Banks Like To Work With Us Despite Deep Debt Forgiveness
We talk with bankers every day and in many instances, we do many different debt forgiveness workouts with the same bankers, especially in the large banks with whom we constantly engage. We get to create relationships. These bankers tell us … Read More
Can You Ever Qualify For Another SBA Guaranteed Loan If You Default On One?
In a word, NO! I am frequently asked about this by borrowers in default who are trying to determine the advantages and disadvantages of doing a debt workout, so, here is the answer: The SBA regulations state that unless you … Read More
