09-03-2018, 10:04 AM
"When we later carefully read all of their paperwork, we discovered that they were to be put on our insurance as a lien holder and our Kapoho insurance settlement was to be sent directly to them."
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I read the entire thing and also some other posts on how the SBA program works. I see no reason for "outrage" as the SBA program makes it clear, up front, that if you later get insurance reimbursement, that money is to go towards paying your emergency recovery loan. Otherwise, you would be profiting from the low interest rate from the SBA.
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I read the entire thing and also some other posts on how the SBA program works. I see no reason for "outrage" as the SBA program makes it clear, up front, that if you later get insurance reimbursement, that money is to go towards paying your emergency recovery loan. Otherwise, you would be profiting from the low interest rate from the SBA.