United States of America, Cross-Appellee v. John Junius Sims, Lois E. Sly, of the Last Will and Testament of Howard B. Sly, Cross-Appellant

TJOFLAT, Circuit Judge:

The Small Business Administration (SBA), after proceeding against the collateral securing a defaulted $350,000 loan, brought this suit 1 for the deficiency against the three makers of the loan 2 and the executrix of the estate of a guarantor. 3 A default judgment for the full deficiency, $16,877.24, was entered against each of the makers. Following a bench trial, the district court entered judgment against the executrix but, for equitable considerations, reduced her liability to one-fourth of the deficiency. On the executrix’s crossclaim against the makers, she was…