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  • 1.  SBA Loans

    Bronze Most Valuable Member
    Posted 08-19-2021 10:17 AM
    Hi All:

    I have a client that has a SBA loan, personal guarantee, that was taken out before Covid. He used the proceeds to open a restaurant in NYC which is now closed.  Does anyone know how the SBA is handling these loans when there is no money to pay them back?

    Thanks,
    Joanne

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    Joanne Paniccia CPA
    JL Paniccia, LLC
    Commack NY
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