Does Debt Removal Work with SBA Loans

Does Debt Removal Work with SBA Loans

Yes and no. The program does not remove private loans and secured loans, unless the secured property has already been seized or the borrower is willing to lose the secured asset once beginning the process. Every SBA loan in the SBA's 7(a) program requires collateral to secure the loan above certain loan amount thresholds above $25,000. SBA loans up to $25,000 do not require collateral.