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What happens if you can’t repay your SBA loan?

SBA debt forgiveness may be taxable: If a lender forgives part of your debt, you may receive a 1099 form for that amount. The ...
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Is your SBA loan in default? Forgiveness is possible

As with any loan, borrowing money from the U.S. Small Business Administration (SBA) means you have a legal obligation to repay that money. Repeatedly missing payments or failing to meet your loan ...