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sba default on loan

SBA Loan Default: What Happens When You Default & What You Can Do About It

If you default on your SBA loan, you’ll be notified by the lender. If you’re unable to get on track with your loan, your lender may seize your assets. The lender will later reach out to the SBA to receive the guaranteed portion of the loan, and the SBA will contact you seeking payment. If payment isn’t received or an agreement isn’t made, the SBA will report the loan to the Treasury Department, which can take further action against you.

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Apr 2, 2026 Filed under: Business Loans, Small Business

The Complete QuickBooks Versions Comparison Guide

In this complete QuickBooks Comparison, we’ll explain what each program is capable of, what type of business is best for each version of QuickBooks, and the main differences between each product. We’ll also walk you through what questions to ask so you can pinpoint the perfect QuickBooks software for your business and choose the right QuickBooks accounting solution with confidence.

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Sep 24, 2024 Filed under: Accounting, Bookkeeping, Invoicing

Xero VS Wave: Comparison

Xero and Wave are top-rated small business accounting software. While both have a lot of similarities, there are also a few distinct differences between the two. Doing your research and pinpointing these differences can help you make the right choice for your business.

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Aug 16, 2024 Filed under: Accounting, Bookkeeping, Invoicing