plg blog

I guaranteed my brother’s SBA loan and he defaulted. Can I still get an SBA loan of my own?

The answer depends on whether or not you satisfied your obligations to the federal government. If you signed an Unconditional Personal Guaranty for a commercial loan backed by the Small Business Administration (SBA), then you are responsible for the payment of the...

Can I Refinance an Existing 504 Loan with a 7(a) Loan?

SBA

Under SOP 50 10 5(f), borrowers may be able to refinance their 504 loan if they meet certain criteria. Although still not as widely known to borrowers as one might expect, as of the January 1, 2014, refinancing has been possible, if: (i) the transaction is used to...

plg blog

I guaranteed my brother’s SBA loan and he defaulted. Can I still get an SBA loan of my own?

Can I Refinance an Existing 504 Loan with a 7(a) Loan?

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