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What happens if I default on a SBA business loan?
What happens if I default on a SBA business loan? I own a business in Texas and I can no longer afford to make the monthly loan payments. The loan was issued by a local bank and its a SBA loan. I am one of four people who is a "guarantor". What does this all mean? Can the bank come after...
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SBA Loan Foreclosure
If there is very little equity in the home. (maybe $30,000) and there is a first and second to the primary mortgage company and an SBA lender has a lien behind that. What are the chances that the SBA lender will be able to force a foreclosure?
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