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Author Archives Lance Sexton

Litigation Plans for SBA Loans – Do I need one?

Posted by Lance Sexton in News with No Comments

A lender should prepare a litigation plan based on the facts known and reasonable assumptions of the loan liquidation. A litigation plan needs to be developed if a foreclosure will occur or legal action is going to be taken against the borrower or guarantors.  Understanding how to properly engage an attorney and how much legal […]

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Liquidation Plans

Posted by Lance Sexton in Blog, News with No Comments

Once a SBA Loan is put into liquidation status, the first step a SBA participant bank must take is to prepare a liquidation plan.  Even though in a majority of cases, the liquidation plan will not require review and approval by SBA, it is a document that SBA expects to see in a well-documented loan […]

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