"Server Overloaded?" Bisect hosting

I am having issues with the Bisect server I have paid for for me and a handful of my friends, it's constantly throwing the "[Server] [Server thread/WARN]: Can't keep up! Is the server overloaded? Running 34169ms or 683 ticks behind" error and causing massive lag spikes that throw us back or force us to disconnect. Currently I am paying for a 12 gig server and running the Fantasy MC (Fabric) modpack. There are at most 4 players.
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