We are frequently asked by business owners whether they can sell their business assets after an SBA loan default. The short answer is - yes, but the longer answer involves working with the your Lender to get permission to do so. Under your security agreement the...
Character Counts In order to qualify for the U.S. Small Business Administrations (SBA) loan programs, you and your partners must meet certain eligibility requirements? But, isn't good credit, a solid business plan and collateral enough? No, SBA also looks at your...
That depends. There are indeed eligibility factors for financial assistance based on the activities of the owners and the historical operation of the business. As such, the business cannot have been: (a) a business that caused the government to have incurred a loss...
