SBA 504 Problem Loan Resolution Assistance

These days, many CDC Executives and 3^rd party mortgagee bank lenders are finding that the smooth and timely workout of a SBA 504 loan may be difficult. Unless you are dealing with a high volume of these cases, chances are you simply do not have the time to focus on this level of detail for an event that only arises once in awhile. That is where we may be able to help. Our seasoned team is available to support you with working out your problem 504 loans. If you are like most other lenders, your loan portfolio isn't perfect. In fact, under the current economic conditions, we are seeing more and more businesses run into trouble. So if you're a stakeholder in a 504 loan that isn't paying as agreed, there may be several viable options to help the borrower, the SBA, the 1^st mortgage bank lender and the CDC achieve a win win solution.

Our assistance on the workout and liquidation side can take many forms:

• Access the partners of sbaAccess through your Lender Lifeline, a convenient and simple general consultancy relationship that gives you priority access to the principals and senior associates of sbaAccess.
  • Pay as you go on an hourly basis
  • We remotely analyze key facts of loans in different stages of their servicing and workout phases and give you a practical and effective approach to expediting the positive resolution
• We can establish a short-end project for you where together we define the parameters of the project and quote a fixed price. An example:
  • You have several loans that have defaulted and you need assistance in organizing and presenting your case(s) to SBA for liquidation and payoff. You are anticipating that SBA may choose to "walk" from their position which may or may not be in the best interest of the borrower or the community in your opinion. There may be a different and better way. This is where we can come in VERY handy.
• Augment your staff development. We can extend the expertise of your team through our expert knowledge and support of what to do, when and how. You subcontract work out to us for a short term basis (we are part of your staff).

Whichever approach you choose, be assured we can support you as you need it, when you need it (we believe in customization). Our team has many years of practical and pertinent experience to help you optimize the dollars under your SBA structures. And don't forget, sometimes it is too late for the right kind of help if your deal is already in the tank. If we are consulted early enough in the process, we might be able to mitigate a significant loss to the government and a blemish on the CDC portfolio report. And the result might be more positive for your borrower and partner bank.

If you find yourself in the middle of a confusing, frustrating workout scenario, please feel free to call on us for a free initial consultation. We can't solve every problem 100% but our track record is solid and we are focused on being available to assist you and your team. Don't lose sleep on those problem loans, call us today and get started with The Right Approach.