Working Out a Franchise Business
Franchises are a popular method for aspiring entrepreneurs to “launch” themselves into business. They come with a proven business model, marketing, operations, training, and a
SBA Default – Personal Guarantee – Can I lose my House?
I’m frequently presented with a situation where my client, a small business owner, has voluntarily given the bank (and by extension, the SBA), a lien
SBA Offer In Compromise – How Do You Get The Bank to Accept Your Offer?
Many clients ask me this question…”how do you ensure the bank will accept the lowest possible Offer In Compromise?” This is a good question, and
Does a Default on an SBA Loan Affect Personal Credit Score?
Good question…and the answer is “maybe”. Depending on how you handle and deal with the defaulted SBA loan, it can have major negative ramifications on
What Happens When You Default on SBA Loan?
What happens to my SBA loan when my business fails? So your business is struggling, and you are wondering, what happens to my SBA guaranteed
SBA Guarantee is NOT for Borrower…it only protects the Bank in the case of DEFAULT!
When obtaining a commercial loan from your bank, your banker may tell you that SBA guaranteed loans are the best thing for your situation. And
Bank Workout – What does it Mean for an SBA Loan?
You’ve been late on your small business loan a few months now when the phone call comes. You initially think it’s just your loan office
When in Default on SBA Loan, does it make sense to hire a Lawyer?
When a struggling small business owner misses a payment on an SBA loan, it is flagged as a troubled loan by the bank. Most of
SBA Offer In Compromise (OIC)…how to Submit for Approval
So your company failed, and now the bank is asking about your personal assets as a way of collecting on the personal guarantee you signed.
Fire Your Highest Margin Customers!
ire my highest margin customers? In the teeth of the worst recession in 50 years? Is he nuts??? Maybe…but maybe not. For clients that are
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