Jason Milleisen is the founder of Distressed Loan Advisors, and offers expert advice about dealing with SBA Loan Default. I have written numerous articles about SBA loan issues, and you can read them all at www.JasonTees.com. My services include assistance with debt settlement (aka Offer In Compromise), loan modifications, and lien releases. If it has to do with an SBA loan, I can likely be of service. Before I started my own debt settlement firm, I was an SBA workout officer at a large SBA lender, and handled and $85,000,000 delinquent loan portfolio. I negotiated directly with the SBA, so when it comes to settling SBA debt, I can say with confidence that there are no workout consultants out there who have as much first hand knowledge as I do. When it comes to SBA loan default, there is very little that I have not seen, so you can feel confident that my advice is based on past experience.
Jason, the founder of DLA, has experience with all types of loans and businesses, from $5,000 unsecured lines of credit all the way up to $1 Billion large corporate syndications. He has 10+ years of commercial loan experience, and was trained at the 2nd largest financial institution in the world. Jason also spent 2+ years as an SBA workout officer, where he reviewed and negotiated SBA settlement offer with client.
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Bachelors of Business Administration Major: Finance Minor: Accounting
|Rita||08/25/12||10||10||10||Thank you. I may have more questions .....|
|Bill||02/21/12||10||10||10||Thank you Jason|
Unfortunately a referral to the US Treasury is common when it comes to SBA debt. If Chase deems your account to be uncollectible, the file is passed to the SBA or Treasury, who attempt to collect the
Hi Drew, I have never heard of anyone declaring income on a settlement before receiving a 1099, so I can't address that part. Some banks are so unorganized they never send a 1099 so its hard to predict
Hi Tami, Even though were no longer part of the business, the fact that you personally guaranteed the debt means that you are personally responsible for the debt. If you need assistance with the OIC
Hi Rita, Thanks for your question. With regards to your OIC, you would need to offer a sum of money above and beyond the proceeds from the liquidation of the business assets and the amount of equity
Hi David, Here are the answers to your questions: 1) Yes, Pioneer is one of the collection companies that the Treasury uses to collect on SBA loan. You will have to deal with Pioneer (if you call