Offer in Compromise
What is the Offer in Compromise?
The Offer in Compromise is the SBA program to support debt forgiveness of the personal guaranty of the defaulted commercial loan lent to the underlying business. And to put together a successful Offer in Compromise package, you need to know the written as well as the un-written guidelines.
But because there is no memo or book or website to turn to for help, you’ll need a professional who can ensure your package is reviewed and accepted.
Second Wind submits over 100 successful SBA Offer in Compromises a year, and frequently arranges for settlements with a no interest payment plan. With a successful negotiation of your guaranty, any liens against real estate will be removed, judgments will be marked satisfied if filed, or withdrawn, and the note will be marked as “satisfied.” In short, we can help you move on with your life.
To learn more about what Second Wind can do for you regarding your guaranteed debt to the SBA watch the video below and speak with our consultant team. Request a one hour, no obligation consultation, you will learn much.