SBA Loans: Offers in Compromise
Jimerson Firm
JANUARY 27, 2021
An offer in comprise allows borrowers to settle their debt on the SBA loan for less than the full amount owed. An offer in compromise is an offer by the borrower to pay a portion of what is owed on the SBA loan, in exchange for the SBA to consider the debt settled or satisfied. SOP 50 57 ; SOP 50 55. SOP 50 57 ; SOP 50 55.
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