Are you wondering what happens if you can’t pay back your SBA loan? In this video, I discuss the serious consequences of not repaying your SBA loan and why it's crucial to explore all options before deciding to stop payments. Drawing from over 12 years of experience as the executive director of an SBA lender, I explain the impact of loan default, including personal bankruptcy, legal judgments, and the long-term effects on your financial record.
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0:00 Understanding SBA Loans
0:45 The Consequences of Defaulting on SBA Loans
1:15 The C.A.I.V.R.S System Explained
2:19 Life Circumstances and Future Loans
2:51 Strategies for Managing Loan Payments
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ProjectionHub has helped more than 50,000 founders and entrepreneurs to create financial projections so they can raise investment, apply for loans, and plan for expansions/growth. From budget-friendly DIY financial projection tools to high-touch custom consulting with a CPA expert, ProjectionHub has the financial forecasting solutions your business needs.
