SBA Loan Default Podcast
17 episodes - English - Latest episode: over 1 year ago -Jason Milleisen is the founder of Distressed Loan Advisors. Since 2009, Jason's client's have settled over $100 Million of dollars of SBA debt. In this podcast, Jason doles out advice about SBA loan default, SBA loan forgiveness, and SBA offer in compromise. He also answers the most common questions he gets like "do I need an SBA attorney?" and "how much will the SBA settle for?"
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Episodes
Free EIDL Audio Course
January 23, 2023 16:46 - 21 minutes - 18.3 MBPlease visit Distressed Loan Advisors or EIDL Loan Advisors to learn more about our 90-minute premium course and 1-on-1 case evaluations. This free course answers the following questions... Are EIDL loans forgivable? (4 mins, 23 seconds) What is the process of applying for an EIDL hardship deferment? (3 mins, 39 seconds) Can I go to jail if I don’t repay my SBA EIDL loan? (2 mins, 37 seconds) Will the SBA force my business to close? (4 mins, 18 seconds) What collateral did I ple...
10 Signs Your Lender Doesn't Understand the SBA Default Process
February 07, 2020 18:09 - 13 minutes - 12.2 MBJason Milleisen is the founder of Distressed Loan Advisors (jasontees.com), and can be reach at 631-428-1978. Today's episode is about 10 things that I've heard from lenders that are wrong that indicate that they may not be well versed in the SBA Default and Offer In Compromise process. Find the whole article here: https://www.jasontees.com/10-signs-your-lender-doesnt-understand-the-sba-default-process/
15 Common SBA Default Mistakes
January 30, 2020 16:05 - 19 minutes - 18.2 MBJason Milleisen is the founder of Distressed Loan Advisors (jasontees.com), and can be reach at 631-428-1978. Today's episode is about 15 common mistakes that borrowers make when dealing with SBA loan default and SBA Offer In Compromise. Find the whole article here: https://www.jasontees.com/15-common-sba-loan-default-mistakes/
16 Things To Understand About SBA Default
January 28, 2020 18:49 - 19 minutes - 18.5 MBHave SBA default questions? Contact Jason Milleisen, founder of Distressed Loan Advisors at 631-428-1978 or [email protected]. Before you take an SBA loan, understand what you're getting into. This episode will tell you a few important items you need to know.
When Resolving SBA Default: Knowledge Is Power
January 20, 2020 17:00 - 12 minutes - 12 MBSeeking SBA loan forgiveness? Understanding how the SBA thinks, and what they are looking for is key to a successful SBA Offer In Compromise. Contact Jason, founder of Distressed Loan Advisors at jasontees.com or call or text him direct at 631-428-1978.
SBA Default: Loan Modifications in 2020 vs 2010
January 14, 2020 17:04 - 9 minutes - 9.12 MBOn this episode, Jason Milleisen discusses whether SBA loan modifications and deferments are still a thing in 2020. SBA Loan Default or Forgiveness Questions? [email protected] or 631-428-1978.
SBA Default and Lien Releases
October 03, 2019 08:00 - 7 minutes - 7.01 MBIf you are seeking to have your home released as collateral for your SBA loan, you should know the following about SBA loan and lien releases: Even if you have been discharged from personal bankruptcy... Follow the link below to read the entire article: https://www.jasontees.com/sba-lien-release-home-collateral/ Want a consultation? Call/text Jason at 631-428-1978 or email [email protected].
Is Your Lender Confused About SBA Forgiveness?
September 26, 2019 10:00 - 11 minutes - 10.9 MBWant a free consultation? Call or text Jason at 631-428-1978 It’s hard to fathom, but some lenders are unclear on how to properly handle SBA loan default situations. Every so often, I come across a lender who needs me to explain the SBA protocol to them. That’s right. The very institution who holds your fate in their hands doesn’t know the rules! In the article below, I list the most common instances, and how to best deal with them. Full article here... https://www.jasontees.com/...
SBA 60 Day Letter Advice
September 20, 2019 09:00 - 6 minutes - 6.26 MBIf you got this letter, please, for the love of all that is holy, DO NOT wait until the last minute. In most cases, if the file goes to Treasury, it will NEVER settle. People have told me that their ill-informed attorney or advisor told them to wait it out, and eventually they would be able to settle for a small sum. WRONG! If you got this letter, your best chance to settle is BEFORE is goes to Treasury.... Read the rest of this article here: https://www.jasontees.com/did-you-get-a-...
Want An SBA Offer In Compromise? Don't Do These Things
September 18, 2019 09:00 - 8 minutes - 7.58 MBHave questions? Call or text me at 631-428-1978 or [email protected]. The more I hear it, the more upsetting it is. About once a week I get a call from someone who says they talked to another firm who told them that the way to get out of a personal guarantee is to do one of two things... To read more, please visit: http://www.jasontees.com/sba-default-is-not-a-reason-to-lie-or-cheat/
Is SBA Loan Forgiveness Taxable?
September 16, 2019 14:25 - 8 minutes - 7.49 MBQuestions or concerns about SBA loan default and forgiveness? Call or text Jason at 631-428-1978 or visit Jasontees.com to read over 100 articles on this topic. There’s no doubt about it: negotiating an SBA loan settlement can be taxing.These days, lenders are so overwhelmed with defaulted loans that it can take an act of Congress to get them to even return your phone call. Then, when they do return your call, they ask you to fill out a series of onerous... Want to read the rest of thi...
Jason Milleisen: SBA Default and Forgiveness Expert
September 12, 2019 10:03 - 4 minutes - 4.22 MBThis episode introduces you to Jason Milleisen, founder and owner of Distressed Loan Advisors. Want a free consultation? Call or text me at 631-428-1978 or email me at [email protected]. Want to learn more? Visit Jasontees.com/sba-loan-default-blog
Top 7 SBA Loan Forgiveness Questions
September 11, 2019 15:05 - 8 minutes - 7.53 MBTo schedule a free consultation, you can call or text me at 631-428-1978 or email me at [email protected]. I've been at this SBA workout thing since September 2008. That's right, I got hired by the largest SBA lender in the US exactly one month before the great recession. I was hired as an underwriter, then immediately starting helping out with workouts since the lender couldn't lend anymore. Since 2009, I've helped hundreds of borrowers work through the OIC process. During that tim...
Is There An SBA Offer In Compromise Formula?
September 10, 2019 13:18 - 9 minutes - 8.43 MBThe most asked question that I get, along with how much my services cost, is how much do I think a guarantor can settle for. To answer the question from the title, no, to my knowledge, there is not a formula that determines how much you will be able to settle your personal guarantee. With that said, I do tell my client's that based on their personal financial situation (SBA Form 770), I will give them an approximate range of what I would expect them to settle for. To read the rest of the...
8 Consequences of SBA Loan Default
September 10, 2019 00:36 - 11 minutes - 10.6 MBThis episode covers the 8 most common consequences associated with defaulting on an SBA loan. When you hear about these potential threats, it may give you a better understanding of why many people pursue an SBA Offer In Compromise. The entire article covering this topic can be found here: https://www.jasontees.com/3-consequences-of-sba-loan-default/ Please contact me directly at 631-428-1978 or visit JasonTees.com to schedule a free consultation.
SBA Loan Forgivness and Asset Dump Buybacks
September 09, 2019 23:05 - 6 minutes - 5.69 MBThe article that inspired this episode can be found here: https://www.jasontees.com/sba-default-and-debt-forgiveness-ethics-and-legality-of-on-asset-dump-buy-back/ About once a week, I get a call from someone who heard about a really great strategy that is guaranteed to strip their assets of debt so they can continue to operate the business, all while getting the bank and the SBA to go away and leave them alone. While this strategy is not a new idea, the question that always comes up i...
SBA Loan Default - Top OIC Tips
September 09, 2019 18:25 - 10 minutes - 10.1 MBSchedule a free consultation by calling or texting me direct at 631-428-1978 or by emailing me at [email protected]. When is comes to settling SBA debt, borrowers often panic after they default, and attempt to rush through the OIC process. Just yesterday, my client told the bank (without checking with me first) that he would send the OIC (SBA Form 1150) form to them with a days notice. I don’t have any of his financials yet, so how can we draft an offer!? Folks, this is not the time ...