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Business Debt/Questions Answered by Expert Jason Milleisen
| Subject | Date Asked |
| SBA & deed of trust | 3/7/2012 |
| Q: we had a business 15 years ago and had an SBA loan. Our business ended in bankruptcy. We used our ... A: You can run a title search to determine exactly who holds the Deed of Trust. Whoever holds the Deed ... | |
| SBA & deed of trust | 3/6/2012 |
| Q: we had a business 15 years ago and had an SBA loan. Our business ended in bankruptcy. We used our ... A: In order to get the Deed of Trust removed, you need to speak with the lender who holds the Deed of ... | |
| Am I protected under the FDCPA | 11/15/2011 |
| Q: Ten years ago I started a business and opened up an AMEX business card under the FEIN with me as a ... A: If you personally guaranteed the debt, then you would be liable for the debt regardless of whether ... | |
| Wachovia/Wells Fargo and business debt | 7/16/2011 |
| Q: The point you made in your profile that there is little you haven't seen prompted me to write. You ... A: I have not worked for Wells Fargo, so I will answer your questions based on my own experiences. ... | |
| personal guarantee | 6/12/2011 |
| Q: My question is can a company hold a personal guarantee that was signed back in 1999 to another ... A: Kelly, Since the guarantee is a personal guarantee (as opposed to a corporate guarantee), I believe ... | |
| personal guarantee | 6/9/2011 |
| Q: My question is can a company hold a personal guarantee that was signed back in 1999 to another ... A: In order to determine whether the personal guarantee is valid, I'd first suggest reviewing a copy of ... | |
| buying a business thats in debt? | 6/7/2011 |
| Q: i looking to purchase an LLC medical company to be more clear a IDTF ( Independent diagnostic ... A: One way to avoid the debt is purchase the assets of the business, as opposed to purchasing the LLC, ... | |
| Debt of 800.00 to a Credit card processing company | 5/9/2011 |
| Q: Can a debt collector report a corporation and it's officers to a credit reporting agency for a debt ... A: If the debt is owed by the corporation only, and the individuals who own the corporation did not ... | |
| Wrong Party to Business Debt | 4/11/2011 |
| Q: Milleisen, I currently own a small business in the state of California. I have been contacted by a ... A: While I cannot speak to the legality of specific debt collection practices in your state, I think ... | |
| Offer in Compormise with SBA | 3/28/2011 |
| Q: Thre are 3 partners that guaranteed a SBA loan. The bank is only interested in pursing the funds ... A: The SBA always wants to know where the funds for a settlement are coming from, so sharing the ... | |
| Offer in Compormise with SBA | 3/24/2011 |
| Q: Thre are 3 partners that guaranteed a SBA loan. The bank is only interested in pursing the funds ... A: With regards to the SBA OIC, the first point I'd make is that even though there are 3 partners, as ... | |
| SBA back loans | 1/14/2011 |
| Q: My small business desperately needed cash back in 2008 to make payroll. Chase Bank lent me an ... A: When an SBA loan is defaulted, the originating bank makes an assessment how "collectible" they think ... | |
Answers by Expert:
Jason Milleisen
Top Expert on this page
Expertise
Jason Milleisen is the founder of Distressed Loan Advisors, and offers expert advice about dealing with SBA Loan Default. I have written numerous articles about SBA loan issues, and you can read them all at www.JasonTees.com. My services include assistance with debt settlement (aka Offer In Compromise), loan modifications, and lien releases. If it has to do with an SBA loan, I can likely be of service. Before I started my own debt settlement firm, I was an SBA workout officer at a large SBA lender, and handled and $85,000,000 delinquent loan portfolio. I negotiated directly with the SBA, so when it comes to settling SBA debt, I can say with confidence that there are no workout consultants out there who have as much first hand knowledge as I do. When it comes to SBA loan default, there is very little that I have not seen, so you can feel confident that my advice is based on past experience.
Experience
Jason, the founder of DLA, has experience with all types of loans and businesses, from $5,000 unsecured lines of credit all the way up to $1 Billion large corporate syndications. He has 10+ years of commercial loan experience, and was trained at the 2nd largest financial institution in the world. Jason also spent 2+ years as an SBA workout officer, where he reviewed and negotiated SBA settlement offer with client.
Publications
- Wordpress
- Ezine
- Go Articles
- Article Base
Education/Credentials
Bachelors of Business Administration
Major: Finance
Minor: Accounting
Past/Present Clients
Confidential
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