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Category Archives: Unsecured Debt
It’s Happening Again. Deja Vu. Banks Are Calling Performing Notes!
It happened in the 1980s. The FDIC examined banks and when they determined that the collateral for a loan was worth less the value of the loan (in other words, the loan was under-collateralized) and therefore the bank was technically unsecured, they would require the bank to call the note and liquidate the collateral, even though the note payments were current! Read More
Posted in Debt Workout, SBA Loans, Secured Bank Loans, Unsecured Debt
Tagged: collateral
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Assumption of Debt is Valid Consideration For Purchasing a Business… Use It.
Here is a very important and useful concept (especially in this debt-heavy economy) that can answer the question, “How do you purchase a business with limited cash?” The answer is easy—assumption of debt counts as valid consideration and will support a valuable purchase of a small business. Read More
Disaster loan is a disaster, debt workout and debt forgiveness is almost impossible.
It makes little sense, as the SBA has a definite Offer in Compromise program; we initiate it frequently and resolve defaulted loans very effectively. Read More
Our clients are so impressed with our results they become our reps and spread the word, helping us save America one business at a time!
It has been happening over and over. Our clients experience such phenomenal results and are so impressed and excited about us, what we do, and how successful we are at it, they ask us if they can represent our company in their area. Read More
Posted in Debt Workout, SBA Loans, Secured Bank Loans, Unsecured Debt
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Defaulted Bank Loan Workouts
We frequently speak about SBA guaranteed loan workouts which have their own specific requirements. Read More
Posted in Debt Workout, Secured Bank Loans, Unsecured Debt
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