SBA Loan


An SBA loan is offered by Banks and other lending institutions. Calling it a an SBA loan is a bit of a misnomer due to the fact that the loan is made by private and other institutions and is  guaranteed by the SBA. 


This is done in a similar way to how Fannie Mae, Freddie Mac and Ginnie Mae guarantee home loans and mortgage loans instead of loan programs to assist small businesses. Even though home loan modification or mortgage loan modification is what people think of most of the time when discussing the topic of loan modifications, business loan modifications are also available. 


When attempting to modify an SBA loan you would contact the private or other institutional lender and check with them on their requirements for applying for a loan modification.  Every lender can set their individual terms on a loan modification and it is important to keep this in mind. 


In the event you feel as though your application is not receiving the attention that is necessary you can contact the SBA in the same way that a homeowner can contact Fannie Mae, Freddie Mac , Ginnie Mae or the private guarantee agency in achieving a home loan modification. 


Though the guarantee agency rarely, if ever, performs the servicing on the loan they do have an interest in seeing that the loan does not default.  In some situations you may find yourself dealing with a servicer or lender that may not appear to care if the loan defaults it is at this point you would contact the party that guarantees or insures the loan and in the case of an SBA Loan that would be the United States Small Business Administration. 


Contacting the Servicer, Lender, and Insurer does not guarantee you will receive a loan modification but at Falcon Credit Management we do believe it adds to your chances.












Previous Credit Service Organization License # 3501
Previous Covered Service Provider License # 3379
8430 West Lake Mead Boulevard, Suite 106
Las Vegas, NV 89128
Telephone: 702-489-6575
Fax: 702-489-6576