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SBA Default Experts | SBA Default, SBA Debt Workouts, SBA Debt Settlement, Offer in Compromise | Page 2
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SBA Default, SBA Debt Workouts, SBA Debt Settlement, Offer in Compromise. March 6, 2014. In SBA Debt Workout. SBA Offer in Compromise. The Small Business Administration (SBA) is a federal organization whose mission is, “. 8230;to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation,. 8221; ( http:/ www.sba.gov/about-sba/what we do/mission. A guarantor must present an offer equal ...
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SBA Debt Workout | SBA Default Experts
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SBA Default, SBA Debt Workouts, SBA Debt Settlement, Offer in Compromise. March 6, 2014. In SBA Debt Workout. What is an SBA debt workout and who qualifies for one? 8211; Liquidated value of business assets:. What are the business asset worth and how much of the debt would be covered by liquidating them for the benefit of the SBA creditor? 8211; Current and projected business performance:. How much cash flow can the business afford to service debt with? Can the owner afford any more cuts? Overall a SBA d...
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Seller Financing in Workouts | SBA Default Experts
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SBA Default, SBA Debt Workouts, SBA Debt Settlement, Offer in Compromise. March 13, 2014. In SBA Debt Workout. Seller Financing in Workouts. FOR MORE INFORMATION OR TO RETURN TO OUR HOME PAGE, CLICK HERE. Laquo; Previous post. Next post ». Leave a Reply Cancel reply. Enter your comment here. Fill in your details below or click an icon to log in:. Address never made public). You are commenting using your WordPress.com account. ( Log Out. You are commenting using your Twitter account. ( Log Out.
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Commercial Real Estate Short Sales | SBA Default Experts
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SBA Default, SBA Debt Workouts, SBA Debt Settlement, Offer in Compromise. March 13, 2014. Commercial Real Estate Short Sales. There are certain aspects that must be achieved in order to get a short sale approved. They include:. 1 Determining the liquidated value of the property. 8211; Banks will only accept values supported by third party appraisals. 2 Determine any cross collateralization or owner occupancy requirements. 3 Understand the local rental market. 4 Agreed upon closing statement or HUD-1:.
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March | 2014 | SBA Default Experts
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SBA Default, SBA Debt Workouts, SBA Debt Settlement, Offer in Compromise. March 13, 2014. Commercial Real Estate Short Sales. There are certain aspects that must be achieved in order to get a short sale approved. They include:. 1 Determining the liquidated value of the property. 8211; Banks will only accept values supported by third party appraisals. 2 Determine any cross collateralization or owner occupancy requirements. 3 Understand the local rental market. 4 Agreed upon closing statement or HUD-1:.
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SBA Loan Modification | SBA Default Experts
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SBA Default, SBA Debt Workouts, SBA Debt Settlement, Offer in Compromise. March 6, 2014. While this is excellent news for the small business community, this process is still very difficult to qualify for. A qualifying business must meet a very specific set of qualifying circumstances which include:. 1 Recovery value of the loan is less than face value:. 2 The business must show an ability to repay the note with reasonable interest within 5-7 years:. 3 No history of habitual default:. Laquo; Previous post.
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Franchises in Workouts | SBA Default Experts
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SBA Default, SBA Debt Workouts, SBA Debt Settlement, Offer in Compromise. March 13, 2014. To understand what recourse a franchise may have against a defaulted franchisee, you must examine the franchise agreements and look for the following areas:. 1 DISCONTINUANCE OF USE OF MARKS:. 2 TRANSFER FEES AND FRANCHISE FEES:. 3 RIGHT OF FIRST REFUSAL:. 4 TERMS and REMEDIES OF DEFAULT:. Before entering into a negotiation with your franchise or your creditor, you should have a professional review your franchise ag...
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Unsecured Debt Workout | SBA Default Experts
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SBA Default, SBA Debt Workouts, SBA Debt Settlement, Offer in Compromise. March 6, 2014. Some things to consider when doing a unsecured workout are:. 8211; Will the secured creditors participate in a reorganization if necessary? 8211; Determine which vendors/creditors are crucial to business operations:. 8211; Determine which vendors/creditors are replaceable:. Understanding which vendors or suppliers can be replaced easily within the market by a competitor opens many options for a distressed business ow...
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Secured Debt Workouts | SBA Default Experts
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SBA Default, SBA Debt Workouts, SBA Debt Settlement, Offer in Compromise. March 13, 2014. What is the difference between a secured loan workout with traditional commercial financing one done with SBA financing? What does this mean for distressed borrowers with traditional commercial financing? Can they still do a workout? Because all decisions can happen at the bank level without the need for involvement from the SBA, a workout or settlement can conclude much more quickly than the typical SBA loan. A ban...
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SBA Offer in Compromise | SBA Default Experts
https://sbtginc.wordpress.com/2014/03/06/sba-offer-in-compromise-2
SBA Default, SBA Debt Workouts, SBA Debt Settlement, Offer in Compromise. March 6, 2014. In SBA Debt Workout. SBA Offer in Compromise. The Small Business Administration (SBA) is a federal organization whose mission is, “. 8230;to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation,. 8221; ( http:/ www.sba.gov/about-sba/what we do/mission. A guarantor must present an offer equal ...
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