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Reply to Large secured business debtI would contact your lender for the SBA loan and let them know about the fraud and the legal case you have, they actually have just as much interest in suing the business owner that sold you the business as you, again SBA Lenders are not in the business of foreclosing on peoples home. in regards to...05-08-2008, 05:55 PM -
I have 625K in secured debt as an SBA loan. My business failed due to fraud and gross inflation of revenues by the person I bought it from. The bank is entering a judgement against me next week for 625K. I have two other small business loans which I have been paying from personal account but cannot...05-01-2008, 07:09 PM
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by FirstChoice
05-08-2008, 05:55 PM
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