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Capital One SBA Loan Question

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    Capital One SBA Loan Question

    I had a business loan through Cap One for $25K. I became ill and had to close my business. I cannot pay them. Have not filed BK yet. Got a call from a woman representing Cap One ( couldn't understand the name in the message ) giving me a call-back # and a case #.

    I haven't called back. What does this sound like and how should I proceed? Is it time to find an attorney?

    #2
    Probably time for an attorney. That said, there is no harm in talking to her. I presume that you had to guarantee the loan personally. If so, then the call is probably about trying to get the money from you. You need to figure out what recourse Capital One has against you and your property. Then you can determine your next step.
    I am a bankruptcy attorney practicing in Riverside and San Bernardino Counties.
    Disclaimer: This post is not legal advice, and I am not your attorney.

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