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Category Archives: SBA Loans
Beware Of Bankers Making Demands For Additional Collateral
It happens all the time, especially now as the economy continues to force declining revenues on most small businesses. This results in either outright default or late payments or just erosion of the business, even if payments are currently being … Read More
New Year’s Resolutions For 2011 – Onward To Profitability And Success
Like changing your diet, going to the gym, quitting a smoking habit, and other typical New Year’s resolutions, profitability requires disciple and a plan to succeed. Here’s my plan for profitability in 2011: 1. Downsize. Really. Be disciplined and do … Read More
Posted in Business, Debt Workout, Leases, Management, Navigating the Downturn, SBA Loans, Secured Bank Loans
Tagged: debt workout, downsizing, Internet, profitability, reinvent, success
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SBA Loan Workouts May Seem To Take Forever
We have a few workouts that are very old, 16 months, 18 months, 22 months… Why should it take so long? The reasons are varied, of course, but it boils down to the following: In most instances, the bankers do not … Read More
Lose The Real Estate And Save The Business, Part 2
Many small business owners purchased the real estate they occupy with their business. It made sense at the time–why pay rent when you could invest in the real estate and make money on the investment as well as enjoy the … Read More
Posted in Debt Workout, Navigating the Downturn, SBA Loans, Secured Bank Loans
Tagged: debt workout, real estate
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Just Doing The Workout Is Not Enough
We are engaged to perform our workout strategies and to strip the debt away, successfully reducing the personal guaranties and freeing you to do what? The same plan you did before that already got you in trouble? Believe it or … Read More
Posted in Business, Debt Workout, Navigating the Downturn, SBA Loans, Secured Bank Loans
Tagged: downsizing, internet marketing, reinvent
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