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Updated 8 months ago on . Most recent reply

User Stats

11
Posts
2
Votes
Kit Jackson
2
Votes |
11
Posts

CIT Small Business Lending

Kit Jackson
Posted

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?

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