Need a loan for your damaged property? See what an SBA loan offers compared to a regular bank loan. For more information on recovery and relief services for Hurricane Ike, visit www.ikehelpcenter.org
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Coleman Interview with John Dunn Assistant District Director of Lender Relations US Small Business Administration Miami, Florida
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How is an SBA loan different from other loans? How can I get an SBA loan? www.scorechicago.org An excerpt of an interview with Mark E Goodman and Tom Huffman of Ridgestone Bank recorded on July 22, 2010. In this segment, Tom notes that an SBA loan is not that different than a commercial loan. However, he suggests that you focus on a bank that specialized in SBA loans can be helpful. You can watch the entire interview at http
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The US Small Business Administration Loan Agreement for Oceano Nursery states in my Deed Of Trust with First Bank Of San Luis Obispo and the SBA that I am required on Page 4 of this Deed Of Trust to Fight Inverse Condemnation of my property! “The Following Provisions relating to eminent domain and inverse condemnation proceeding are part of this Deed of Trust.” “Proceedings. If any imminent domain or inverse condemnation proceeding is commenced affecting the property, Trustor shall promptly notify Lender in writing, and Trustor shall promptly take such steps as may be necessary to pursue or defend the action and obtain the award. Trustor may be a nominal party in any such proceeding, but Lender shall be entitled, at its election, to participate in the proceeding and to be represented in the proceeding by counsel of its own choice, and Trustor will deliver or cause to be delivered to Lender such instruments and documents as may be requested by Lender from time to time to permit such participation.” “Application of Net Proceeds. If any award is made or settlement entered into in any condemnation proceedings affecting all or any part of the property or by any proceeding or purchase in lieu of condemnation, Lender may at its election, and to the extent permitted by law, require that all or any portion of the award or settlement be applied to the indebtedness and to the repayment of all reasonable costs, expenses, and attorney’s fees incurred by trustee or Lender in connection …

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