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Updated 8 months ago on . Most recent reply
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CIT Small Business Lending
Brief history. Back in 2007 I took out a loan with CIT that was backed by the SBA. It was in
my LLC name but I personally guaranteed it foolishly using my house as collateral. Fast
forward to today and I have enough equity to pay the lien off. However on a Title Search
I did in 2020 it shows the lien in 2nd position to CIT Small Business Lending. I did speak
to the Treasury Offset division who stated I did have one SBA backed loan for a much lower
amount than the lien. That of course makes a difference in equity so how can I find out what
I actually owe?