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08-26-2017, 11:40 AM #5
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- Join Date
- Dec 2014
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- Quogue, NY
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Gable Holdings,
While many of the prior posters addressed important issues, these questions need to be answered before anyone can honestly determine if something can or can't be done:
Was the entity profitable in 2016 even with all the debt on the balance sheet?
What EXACTLY is encumbered by the SBA loan?
Does the Guarantor have personal assets they are willing to pledge?
Once a client gets into this type of situation there are Funds that are willing to help- assuming it makes sense to do so.
RG
rg@businesscapitalconsultants.com
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