2011 February

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 your personal credit for years.  And, if you are forced into a bankruptcy as a result of the default, it can stay […]

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What Happens When You Default on SBA Loan?

February 10, 2011
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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 business loan?

What indeed…

Let’s answer that question by first understanding what the SBA guarantee actually means.   The guarantee is actually for […]

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