San Antonio District Office BRIEFING HANDBOOK - To SBA Home ... - archive sba 2026

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Under the reorganization plan, the agency will eliminate approximately 2,700 active positions out of a total active workforce of nearly 6,500 through voluntary resignations, the expiration of COVID-era and other term appointments, and a limited number of reductions in force (RIFs).
The consequences of defaulting on an SBA loan When you default on a loan, the lender has the right to pursue legal action to recover the outstanding debt. In the case of an SBA loan, this can include placing an administrative lien on your home.
To obtain a copy of your SBA loan documents, contact your lender or the SBA directly via their website or customer service. For EIDL loan applications, proof of prior borrowing may be required to demonstrate financial need. Keep all correspondence and official loan paperwork organized.
Can defaulting on an SBA loan lead to losing my home? Yes, defaulting on an SBA loan secured by your home could put your home at risk of foreclosure. However, the likelihood depends on factors such as existing mortgages, home equity, and negotiations with the lender. Foreclosure is not always a straightforward outcome.
SBA District Offices State or territoryDistrict office California Fresno District Los Angeles District Orange County / Inland Empire District Sacramento District San Diego District San Francisco District Colorado Colorado District Connecticut Connecticut District Delaware Delaware District52 more rows Apr 5, 2024

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The SBA will not put a lien on your residence if the outstanding debt is 75% or more of fair market value. This little-known fact is often overlooked. Therefore, taking out a home equity loan to leverage a personal residence can insulate the borrower from having a lien on their home.
Below are commonly asked questions and answers that we have been asked regarding EIDL loan defaults. 1. Question: If I personally guaranteed an EIDL and my company defaulted on the loan and I guaranteed that loan, can the SBA foreclose and take possession of my house? Answer: Yes.

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