Posted 1/16/2019 21:29 (#7250264 - in reply to #7249981) Subject: RE: Oh Yeah, the answer!
Southern Illinois
Not necessarily, plenty of operations with plenty of equity to do a restructure loan. If the operation has next to no net worth, then yes, foreclosure may be looming. Most banks (not FCS) will work with you if you have decent equity and a good projected cash flow that shows you can support the debt service that corresponds with the proposed restructure loan.