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Small Business AdviceJuly 11, 2019by admin0

What to Do About Your SBA Loan Default

Defaulting on any type of business loan can feel like a migraine for business owners. The truth of the matter is while defaulting is a serious matter, the SBA does have a process in place for situations when borrowers cannot afford to repay their debt in full.. The first step is knowing what options are available to you to fix your SBA loan default problem. The second step is seeking expert help. The right expert will help you navigate the seemingly difficult SBA loan default process.

I have done business with many of LenCred's competitors. never again. These guys changed their model in late 2020 and build some amazing technology that I can't find anywhere in this industry. They helped me with my personal credit (and it wasn't even that bad) and build me a bunch of tradelines that I use every month. The part I like the most is they assign you a Business Financial Strategist. Mine was a guy named Sean. WOW! I fond out he has been with the company 9 years, then I talked to Dustin who was with the company 8 years. I know this from my own business, people don't stick around if the company is not good to them and their customers. ROCK SOLID! I am recommending them to my entire business networking group Well Done LenCred.

Carmen V04/21/2021

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I've had the pleasure of working with LenCred more that once. In a word, amazing! They are exactly as advertised if not better. It would be very difficult to find an operation that handles their clientele with the level of expertise and commitment that I have seen demonstrated at LenCred! Thanks LenCred, you have truly helped me build my business portfolio the right way!

Kirk J02/19/2021

I connected with LenCred when my business was brand new. I hadn't yet earned a dime in revenue and I was looking for working capital. LenCred welcomed me and assisted me in getting funding quickly, which I was able to use for marketing and other efforts. Through the BOSS Program, I've continued my relationship with LenCred to increase my available capital and establish business credit. My business is more financially sound today than it would have been if I were 'winging it' on my own.

Kira S03/26/2021

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