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SBA Guaranteed Loan Workouts (Part 2)
Forgiveness of debt may be a final resolution in an SBA default situation and a direct result of a loan workout but the path to success is tricky and convoluted and not always understood by either the bank or the defaulting borrower.
I talk to many borrowers who have guaranteed SBA loans who experience problems and cannot make the payments. Revenues are down sharply, expenses and overhead are increasing and debt service is impossible to support.
There is a way out, and Don will explain it to you.
Download Don's FREE e-book HERE
