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Did you co-sign the loans?
The loans are secured against your home- correct?
Your home has a mortgage of 80k and a value of 20K or 20K in equity ?
Yes, co-signed SBA loans.
SBA is secured against home.
No equity. If it sold, it might sell for $100K which might give $20K that could go towards the other. One more detail....each business has a SBA loan so there are 3 SBA loans totaling $120K. Each loan is $40K.
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