Maybe wrong forum for this but since I spilled my guts about all this, I spoke w a gentleman from local SBA loan, I hope I can verbalize this right, but apparently this office manages a consortium of local banks that have $ in a fund to lend to businesses, they all vote on approving loan. The bad news is my score is low and of course have unpaid debt that where SOL will be expiring soon
The good news is that this SBA employee said that they havent loaned money in a long time and may be willing to take a chance depending on my PL's etc. and to send him some documents and if the committe thinks that I'm heading in the right direction and an infusion of working capital may get me over the hump, well.....
I know, say it, I better chance of million $ falling out of sky into my hands! But I'll take a stab, I left my ego at the door many moons ago
The sol expiring now is meaningless to possible future creditors. The fact is, unless you are sued and a sol defense is upheld by the court, the sol is pretty meaningless. In fact, it requires a court to determine whether the sol has run. In some cases the sol is tolled (clock stops running) so if any of the reasons the clock would be tolled apply to you, the sol may not expire when you believe it to.The bad news is my score is low and of course have unpaid debt that where SOL will be expiring soon
Maybe I need to speak w a local attorney to be sure of all this