Things seem to be going from bad to worse for Ed McMahon, former sidekick to Johnny Carson on “The Tonight Show” and corporate spokesman for the American Family Publisher’s sweepstakes.

The Los Angeles Times reported today that McMahon is being sued by Westmoore Lending of Huntington Beach, Calif., to collect on a $250,000 loan it made to McMahon in 2006. The loan is secured by the star’s Beverly Hills home, which went into foreclosure back in June for $644,000 owed on a $4.8 million mortgage.

In interviews with Al Roker on “The Today Show” and Larry King Live on CNN back in June, McMahon admitted that poor money management, bad investments and two divorces led to the financial dilemma he and his wife Pamela now face. Ironically, the man who used to hand out millions of dollars to other people on television now could use some of that money himself.

Filed in Los Angeles Superior Court, the lawsuit alleges that loan documents show McMahon had committed to paying $3,125 a month for the first five months and then paying off the remainder of the loan in one final payment of $253,125. Carrying a 15 percent interest rate, the balance due grew to $275,000, according to the Associated Press.

McMahon’s Beverly Hills home remains on the market at $4.6 million.