SBA Loan Guarantees and Divorce – Don’t Leave Your Client ...
SBA and the lender according to the guarantee percentage. For example, assume that a borrower who has a loan with a $100,000 balance and a 50 percent guarantee defaults and that the borrower’s assets are worth $60,000. In the regular 7(a) program, the lender submits the defaulted loan to SBA and receives $50,000 (the guaranteed portion of the ... ................
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