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.If you liked this content, let's connect on social media:Instagram: ⁠⁠https://instagram.com/mysbapro⁠⁠Twitter: ⁠⁠https://x.com/mysbapro⁠⁠LinkedIn ⁠⁠https://linkedin.com/in/ryanpatryckChapters:00:00 Introduction00:29 - John's Bio2:25 - Types of Loans5:06 - Common Issues with SBA Loans8:54 - Personal Guarantees and Collateral10:53 - Asset Protection Strategies12:29 - Handling Default and Settlements16:22 - Repossession and Foreclosure24:33 - Finding Help for SBA Loan Default27:00 - Lender Aggressiveness28:02 - Success Stories31:21 - Due Diligence for SBA Loans34:07 - Assessing Business Opportunities37:02 - Contact JohnLink to full episode: https://youtu.be/w0S0tgSccTQ?si=BiYYCUf-5GwnUPEw⁠More ThinkSBA Resources⁠⁠⁠https://calendly.com/thinksba⁠⁠⁠ - Schedule Call⁠⁠⁠https://g.page/thinksba⁠⁠⁠ - Google Business Page & Reviews⁠⁠⁠https://thinksba.com/faq⁠⁠⁠ - Frequently Asked Questions⁠⁠⁠https://mysbaloanpro.com⁠⁠⁠⁠ - My SBA Loan Pro Podcast⁠⁠⁠https://youtube.com/@thinksba⁠⁠⁠ - YouTube Channel