I took out an SBA loan along with a seller note with a personal guarantee ($6.2M in Total Debt). Unfortunately, when the industry took a downturn, I had to default on both. I have since restructured the company and was able to cram down the notes without the investors losing any equity. I am happy to share my story about the process and what I experienced.
My Story: What happens when you default on an SBA loan and Restructure
by a searcher from University of Texas at Austin
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