Recent content by rkurashima

  1. R

    Personal Bankruptcy SBA Loan Secured by Mother's Home

    Even if there is neagtive equity in the collateral?
  2. R

    Personal Bankruptcy SBA Loan Secured by Mother's Home

    I am an Air Force Reservist and was called to active duty July 2008. My business was already not doing too well when I left and finally shut down while I was deployed to Iraq. I have an SBA loan of around $80K and a home equity line of credit (HELOC) for about $70K all being secured by my...
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    What will happen if I default on a SBA loan?

    Any Updates? Just checking to see if anyone had updates on this post. I am an Air Force reservist and was called to active duty. While deployed to Iraq the shop was shut down and could not be sold (no buyers). Now after 7 months I am still paying the SBA loan, but cannot continue to do this for...
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