Saturday, May 3, 2014

What is the statue of Limitations for a SBA loan in California?

Question

What is the statue of Limitations for a SBA loan in California?



Answer

Generally speaking, California law requires the creditor to pursue a breach of contract claim against a debtor within 4 years of the breach. However, there are many exceptions to that general rule. You should consult with an attorney to go over the specific facts of your case.



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