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When is comes to settling SBA debt, borrowers often panic after they default, and attempt to rush through the OIC process. Just yesterday, my client told the bank (without checking with me first) that he would send the OIC (SBA Form 1150) form to them with a days notice. I don't have any of his financials yet, so how can we draft an offer!?

Folks, this is not the time to rush through the process. This is the time to be meticulous. Cross every t, dot every i. With that in mind, here is my list of things you want to do, and things you should avoid doing.

To read the rest of this article, please visit:

https://www.jasontees.com/top-10-sba-offer-in-compromise-negotiation-tips/