SBA Loan
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- SBA Loan Default: I Didn’t Pledge My Home, so How Can There Be a Lien?Article that explains the distinction between a personal guarantee and pledging collateral. Answers common questions about the topic.
- SBA Loan Bankruptcy '" the One Fact You Need to Know Before You FileArticle that explains the most overlooked problem that personal bankruptcy does not eliminate.
- How to Apply for an SBA LoanGenerally, two different approaches can be used to apply for an SBA loan: You can either apply directly to the SBA or apply through an approved lender that handles SBA loans.
- SBA Loan RequirementsNot every business is eligible for an SBA loan. Qualifying businesses must meet the criteria that the SBA has established for small businesses.
- Can You Discharge an SBA Loan in Bankruptcy?Article that discusses whether an SBA can be extinguished through bankruptcy. Talks about why a person might choose to settle instead of filing for bankruptcy.
- SBA Loan Foreclosure '" They Won't Really Take My Home, Will They?Article about SBA loan foreclosure. Discusses factors that typically lead to a foreclosure by an SBA lender.
- How to Get Small Business Administration (SBA) LoansThere are more SBA loan funds available right now than in years past. This is mainly due to 1) a change in administrations, and 2) the fact that both TARP and the new small business law added funding for SBA lending.
- Common Questions About SBA Loan Forgiveness, Part IIAnswers to common questions posed by clients about SBA Default, and SBA Loan Forgiveness, and SBA Settlement.
- SBA Loan Programs for Home BusinessesThe Small Business Administration has been providing small businesses with funding since 1953.
- Repercussions of an SBA Loan DefaultArticle that discusses what can happen if you default on an SBA guaranteed loan. Talks about legal and financial ramifications, as well as what steps you should take to avoid negative consequences.
- Our SBA Loan Default Workout Guaranty: We Will Never Have to Pay it Out!A Don Todrin article on SBA Loan Default Workout - Our guaranty is a direct reflection of our success. In short, with the appropriate support from our clients including adequate financial strength
- SBA Loan Workout: What Happens to an SBA Loan when You File for Bankruptcy?A Don Todrin article on SBA Loan Workout - 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
- SBA Loan Workout: Surviving the Downturn, Successfully Emerging!A Don Todrin article on SBA Loan Default - "It's been over a year and we all understand the recession is here to stay for a long while. There is little any of us can do about this fact of business life."
- SBA Loan Default: There Are Three Things that Cannot Be Hidden: The Sun, the Moon and the Truth - ConfuciusThis article by Don Todrin of Second Wind Consultant discusses issues pertaining to SBA loan default, SBA loan workout and the best business rule we can all get behind and follow.
- SBA Loan Default: Workouts Are Not a Get Rich Quick PlanA Don Todrin article on SBA Loan Default - It happens from time to time, and it comes in a few different varieties. Small business owners with significant debt want to do a workout to reduce their debt and call us for such support.
- SBA Loan Default: If You Take Cash from the Till, You'll Pay LaterA Don Todrin article on SBA Loan Default - I see this often: small business owners swiping cash out of the register or however it is received and held. Sometimes it's just the lure of the green
- The Tipping Point: Success in Sight from SBA Loan DefaultThis article by Don Todrin of Second Wind Consultant discusses issues pertaining to and/or related to SBA loan default and SBA loan workout.
SBA Loans Under White House MicroscopePresident Obama is focusing on SBA loans, and while the Small Business Administration is encouraging would-be entrepreneurs to apply for small business loans, banks funding SBA loans have become notoriously slow in doing so.
Guide to Applying for an SBA Loan (Small Business Administration Loan)When other financing options aren't available, an SBA loan can help you start or expand a small business.- SBA Loan Default Consequences: A Cautionary Tale and Lessons LearnedArticle that tells the real life story of a client who waited too long to settle, and now he can’t. Offers advice on how to avoid this kind of situation.
- SBA Loan Default – More Common QuestionsAnother round of common SBA default questions and answers. Answers answered by Jason Milleisen, SBA default expert.
- 4 Facts You Need to Know About SBA Loan WorkoutsArticle that discusses helpful tips from a seasoned SBA settlement expert. Covers the top 4 facts that the author wants you to know.
- SBA Loan Bankruptcy: Does Your Lender Care If You File?Article that discusses whether the threat of filing for personal bankruptcy will give you negotiating leverage. Based on author's experience working for an SBA lender.
- SBA Loan Workout: the One Obstacle You Didn't ExpectArticle that discusses one of the hardest, and unexpected, aspects of SBA Loan Workout. Offers tips to deal with this obstacle.
- SBA Loan Workout - Why You Need to Settle TodayArticle that explains why the author believes that your best chance at an SBA debt settlement is immediately after your business closes. Being proactive can be the difference between settling and enduring years of headaches.
- SBA Loan Default: Why is My Banker so Mean to Me?Articles that discusses the possible reasons why some bankers are unfriendly to borrowers following an SBA loan default. Provides tips on how to avoid creating a cranky banker.
I'll Get Back to You About Doing a Debt Workout; I Have to Ask My Wife First..I'll Get Back To You; I Have To Ask My Wife First...I hear this a lot. Worse, many (many, many) wives do not "like" our strategy and thus prevent the implementation.
Debt Workouts Require a Leap of Faith. Get Over It, You Have No Choice!Workouts, at least the debt workouts we at Second Wind perform, preserve the business protecting its assets from liquidation at auction, and stripping off the debt. This frees the business to run debt free- Our Debt Workout Strategies Have Almost Total Success, Every TimeOur track record for success is phenomenal. Almost every one of our clients exits successfully with a reduced personal guaranty averaging 7% of their debt---that's a 93% debt reduction! That works.
- Top 4 Mistakes that Borrowers Make Following SBA Loan DefaultArticle that discusses the most common errors committed by borrowers after defaulting on an SBA loan.
"Arm's Length" Buyer in a Workout... What's That?SBA Loan Workout: This is a very important concept in a workout as so many borrowers in default believe they can protect their assets and business by selling to their wife, son or daughter, brother or sister, mother or father... all "insiders" or buyers
A Dozen Indicators that Say You Need a Debt WorkoutI find that most small business owners prefer to wait and see what happens as opposed to "getting in front of the train" by being proactive in response to changing conditions.- SBA Loan Default: What Are My Options?The purpose of this article is to discuss what options exist for business owners who have defaulted or are on the verge of defaulting on their SBA loan.
- Sba Loan Default: Waiting to Settle Can (And Probably Will) Cost YouArticle that discusses the importance of trying to settle SBA debt as quickly as possible after your business closes. Explains how the amount you owe continues to rise as your file gets passed along from one government agency to another.
- Are You Out of Capital or Running Below the Break-Even Point or Not Taking a Check? Admit It, Your Business is Dead, Bury It!There are lots of factors that can bankrupt a business. Once started, the downturn is very difficult to reverse. One thing leads to another and soon you are operating below the break-even point, getting by juggling payable with receivables
- Need to Workout Defaulted Debt with Your Bank? Stop Believing Your BankerA Don Todrin article on SBA Loan Default - Enough, your banker is your opponent. He/she is committed to collect all you owe. This is not the person you want to seek advice from, no matter how close you have been and how helpful he has been in the past.
- 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!A Don Todrin article on SBA Loan Default - It has been happening over and over. Our clients experience such phenomenal results and are so impressed and excited about us, what we do,
- Why Bankers Sometimes Are so Unwilling to Compromise?A Don Todrin article on SBA Loan Default - In a word, it works. Their tough boy no nonsense, no compromise demeanor results in much higher payoffs to their bank.
- Do Not Wait Until You Are Completely Submerged to Do Your Debt Workout. Act Now!A Don Todrin article on SBA Loan Workout - Please do not wait till your ship is under water, sinking rapidly and you're gasping for air. It is never too late, but you may be wasting valuable assets
