Hard Money Loans

Kris Alingod – AHN News Contributor Park Ridge, NJ, United States (AHN) – Hertz renewed its bid to acquire DollarThrifty Automotive Group on Monday, offering a substantially better deal than one proposed by rival Avis, which is being reviewed by federal regulators. New Jersey-based Hertz offered Dollar shareholders $72 for all outstanding shares. The offer [...]

John Nestor – AHN Sports Correspondent New York, NY, United States (AHN Sports) – NBA players don’t see much difference in a new proposal from the league’s owners and they are not happy about it. The latest formal collective bargaining proposal the owners have handed the players is a 10-year deal that is just barely [...]

Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – Indian Railways with their expansion program is in the midst of offering thousands of jobs in the United States if all goes according to expectations during U.S. President Barack Obama’s upcoming November visit to India, according to a visiting top-ranking Indian business visionary. [...]

Linda Young – AHN News Writer New York, NY, United States (AHN) – If you are tired of waiting forever for your PC to boot up, your wait might be over with the introduction of a new system that will allow computers to start operating in mere seconds. The current Basic Input/Output System (BIOS) can [...]

Jeehan Fernandez – AHN News Writer Palo Alto, CA, United States (AHN) – HP has acquired 3PAR Inc. for a price of $33 a share in cash or an enterprise value of $2.35 billion, the company announced Tuesday. A leading global provider of utility storage, 3PAR technologies expand HP’s storage portfolio into enterprise-class public and [...]

This is a very complicated issue with many contributing factors: Some of the issues are net worth, income, spousal income, protected retirement investments, family, basic overhead, secured debt, other assets, other business interests, medical issues, education, age, where you love, what the assets in your business are worth, structure of the offer, and previous income history to name a few. There are just as many more not listed as each case is unique and each case requires a unique evaluation and presentation. Each case requires its own special evaluation.

So, the small business owner cannot refinance his home or even sell it, cannot borrow again, and cannot do anything because the liens remain on himself and his home. Is this an Offer in Compromise program? No, it’s a retribution and punishment program.

Lets review. As we know, the defaulted borrower of an SBA guaranteed loan must present his Offer in Compromise to his lending banker for review and ratification and then for him to send it over to the SBA for final consideration. If deemed acceptable and appropriate, it is then sent over to the SBA where it is decided with a response to the borrower being: yes, no, or a counter-offer is provided.