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Dealing directly together with the SBA loan declinedor even a collection company can be tricky because they don't offer you access to decision makers, it's the same sometimes impossible to be aware of why a purchase offer was declined.

Settlement offers that could be acceptable when submitted during your lender are often declined when submitted directly to the SBA, the Treasury, or possibly a collection company. Not necessarily fair, but it's the reasons SBA loan declined debt negotiation.

Overall, it's too bad that my client failed to get in touch with his lender as soon as his business closed. Instead, he waited to hear from his lender, and unfortunately he never heard from them (unfortunately, many lenders follow this practice as they are overwhelmed with files and lack a guy power to small business loan declined work through the OIC process collectively borrower). Therefore, the chance to get the loan settled passed, and that we are now mired in a very process that may take years to solve. ?nternet site always tell my clients, if you would like settle, apply it earlier than later because once the window of opportunity deal directly along with your lender closes, it's closed completely.