SBA Loan Default Insights And Strategies with John Homan | Ep. 8 | My SBA Loan Pro Podcast

Join Ryan Smith, Principal and Founder of ThinkSBA, as he sits down with John Homan, esteemed SBA Loan Workout Specialist.

John shares valuable insights into the intricacies of SBA loan defaults, including how to avoid defaulting, how lenders respond to non-payment to mitigation strategies.

Discover how to safeguard your assets, negotiate settlements, and overcome challenges, all while maintaining a positive outlook.

Don’t miss this empowering discussion tailored for SBA loan guarantors facing defaulting on their loan payments.

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Chapters:

00:00 Introduction
00:29 – John’s Bio
2:25 – Types of Loans
5:06 – Common Issues with SBA Loans
8:54 – Personal Guarantees and Collateral
10:53 – Asset Protection Strategies
12:29 – Handling Default and Settlements
16:22 – Repossession and Foreclosure
24:33 – Finding Help for SBA Loan Default
27:00 – Lender Aggressiveness
28:02 – Success Stories
31:21 – Due Diligence for SBA Loans
34:07 – Assessing Business Opportunities
37:02 – Contact John

⁠More ThinkSBA Resources

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https://g.page/thinksba – Google Business Page & Reviews
https://thinksba.com/faq – Frequently Asked Questions
https://mysbaloanpro.com⁠ – My SBA Loan Pro Podcast
http://youtube.com/@thinksba – YouTube Channel