KozlowskiShoop886

Aus Salespoint

Dealing directly using the SBA loan declinedor a collection company is hard given that they don't supply you with entry to decision makers, it's the same sometimes impossible to know why an offer was declined.

Settlement offers that will be acceptable when submitted from your lender are usually declined when submitted directly to the SBA, the Treasury, or perhaps a collection company. A possibility fair, but it is the reasons SBA loan declined loan negotiation.

Overall, it's bad that my client could not reach out to his lender when his business closed. Instead, he waited to listen to from his lender, and unfortunately he never been told by them (unfortunately, many lenders follow this practice because they are overwhelmed with files and lack you power to small business loan declined work through the OIC process with every borrower). Because of this, the opportunity to get the loan settled passed, and now we are mired in a process that may take years to solve. As I always tell my clients, if you would like settle, do it sooner than later because once the window of opportunity to deal directly along with your lender closes, it's closed forever.