Podcast
SBA Loan Default Podcast
Hosted by Jason Milleisen · ENGLISH
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?"
17episodes
Episodes
Newest firstAll episodes
Free EIDL Audio Course
Jan 23, 202300:21:38Tap to summarizePlease 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 pledge? (4 mins, 52 seconds) The 90-minute Premium EIDL Audio Course includes: - Free email support from founder and SBA default expert Jason Milleisen. - 36-page PDF Supplement. - Answers to the questions below... What is a Personal Guarantee, did I grant a personal guarantee, and what are the implications? (30 mins, 52 seconds) Is Bankruptcy an option? (5 mins, 23 seconds) Can I sell my business if I have an SBA EIDL loan? (4 mins, 2 seconds) Will SBA restructure my loan? (2 mins, 20 seconds) Can I pay down my EIDL to less than $200K to void the personal guarantee? (1 min, 43) Should I close my business? (4 mins, 27 seconds) Should I focus on my regular SBA loan or my SBA EIDL loan? (2 mins, 4 seconds) What are steps if my business closes but no personally guarantee? (2 mins, 49 seconds) Can I sell my business and transfer the EIDL loan or personal guarantee? (3 mins, 3 sec) Can I settle my EIDL loan if I offer them cash today? (2 mins, 45 seconds) Will an EIDL loan be on my personal credit? (2 mins, 46 seconds) Are there any benefits to selling my business? (3 mins, 8 seconds) What if I get a 1099 from the SBA? (2 mins, 32 seconds) What if I didn't take the EIDL through a separate legal entity? (1 minute) What happens if my loan is referred to the US Treasury Department? (4 mins, 45 seconds) BONUS: Exactly what Jason would do if he had a personally guaranteed EIDL loan that I could not afford to repay. (5 mins, 35 seconds)
Transcribe →10 Signs Your Lender Doesn't Understand the SBA Default Process
Feb 7, 202000:13:03Tap to summarizeJason 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/
Transcribe →15 Common SBA Default Mistakes
Jan 30, 202000:19:33Tap to summarizeJason 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/
Transcribe →16 Things To Understand About SBA Default
Jan 28, 202000:19:51Tap to summarizeHave SBA default questions? Contact Jason Milleisen, founder of Distressed Loan Advisors at 631-428-1978 or jason@jasontees.com. 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.
Transcribe →When Resolving SBA Default: Knowledge Is Power
Jan 20, 202000:12:53Tap to summarizeSeeking 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.
Transcribe →SBA Default: Loan Modifications in 2020 vs 2010
Jan 14, 202000:09:46Tap to summarizeOn this episode, Jason Milleisen discusses whether SBA loan modifications and deferments are still a thing in 2020. SBA Loan Default or Forgiveness Questions? Jason@jasontees.com or 631-428-1978.
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SBA Default and Lien Releases
Oct 3, 201900:07:30Tap to summarizeIf 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 jason@jasontees.com.
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Is Your Lender Confused About SBA Forgiveness?
Sep 26, 201900:11:42Tap to summarizeWant 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/is-your-lender-confused-about-sba-loan-default/
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SBA 60 Day Letter Advice
Sep 20, 201900:06:41Tap to summarizeIf 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-60-day-letter-from-sba-join-the-club/ Need help with your defaulted SBA loan? Call or text me at 631-428-1978 or email jason@jasontees.com.
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Want An SBA Offer In Compromise? Don't Do These Things
Sep 18, 201900:08:07Tap to summarizeHave questions? Call or text me at 631-428-1978 or jason@jasontees.com. 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/
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