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In order for SBA to process your request for approval of an OIC the following tabs must be completed. Please be sure to complete all information requested and provide the appropriate supporting documentation as noted. If any information is not provided, please provide an explanation. Once your package is received it will be assigned to a loan specialist for review. If the loan specialist reviewing your case needs any additional information they will contact you directly.

 

The following information is being provided in compliance with the Code of Federal Regulations, Section120.830, which requires the CDC provide a quarterly service status report to SBA on each loan in its portfolio which is 60 days or more past due. Please respond within 30 days following the end of the quarter.

This offer is submitted by the undersigned to compromise a claim of the Small Business Administration resulting from a loan to the above borrower which is now fully due and payable and for which I (we) am alleged to be liable.

Guarantor unconditionally guarantees payment to Lender of all amounts owing under the Note, as limited below. Guarantor must pay all amounts owing under this Guarantee when Lender makes written demand upon Guarantor. Lender is not required to seek payment from any other source before demanding payment from Guarantor.

Guarantor unconditionally guarantees payment to Lender of all amounts owing under the Note. This Guarantee remains in effect until the Note is paid in full. Guarantor must pay all amounts due under the Note when Lender makes written demand upon Guarantor. Lender is not required to seek payment from any other source before demanding payment from Guarantor.

As required by 15 USC 637(a)(20) (a) and 13 CFR Part 124.601, please provide SBA with a list of any agents, representatives, attorneys, accountants, consultants and other parties (other than employees) receiving fees, commissions, or compensation of any kind for purposes of assisting the Participant in obtaining a Federal contract. Failure to provide this information is good cause for SBA to initiate proceedings to terminate your 8(a) Program participation.

Certificate of Leverageable Capital and Regulatory Capital

The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. We recognize that small business is critical to our economic recovery and strength, to building America's future, and to helping the United States compete in today's global marketplace.

In many ways, the success of your business depends on your marketing abilities.  A successful marketing plan includes the following components:

  • Market Research

  • Pricing

  • Advertising

  • Packaging and labeling

  • Distribution

  • Customer service

Investing in a good marketing plan will generate excellent returns.

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