NATIONWIDE REPRESENTATION OF SMALL BUSINESS OWNERS, PERSONAL GUARANTORS & FEDERAL DEBTORS BEFORE THE SBA AND TREASURY DEPARTMENT'S BUREAU OF FISCAL SERVICE
WHY HIRE US?
MILLIONS OF DOLLARS IN SBA DEBTS RESOLVED VIA SBA OFFER IN COMPROMISE & NEGOTIATED REPAYMENT AGREEMENTS WITHOUT OUR CLIENTS FILING FOR BANKRUPTCY OR FACING FORECLOSURE ON THEIR HOMES
MILLIONS OF DOLLARS IN TREASURY DEBTS DEFENDED AGAINST VIA AWG HEARINGS, TREASURY OFFSET PROGRAM RESOLUTION, CROSS-SERVICING DISPUTES, PRIVATE COLLECTION AGENCY REPRESENTATION, COMPROMISE OFFERS & NEGOTIATED REPAYMENT AGREEMENTS
OUR SBA ATTORNEYS & FEDERAL AGENCY PRACTITIONERS ARE AUTHORIZED BY THE AGENCY PRACTICE ACT TO REPRESENT FEDERAL DEBTORS NATIONWIDE BEFORE THE SBA, THE SBA OFFICE OF HEARINGS & APPEALS, THE TREASURY DEPARTMENT & THE BUREAU OF FISCAL SERVICE
Disclaimer: These case results are successful outcomes of federal agency matters achieved on behalf of our clients. The results shall not be construed as a guarantee, warranty, or prediction about the outcome of your case. The results of your case will vary depending upon its own individual facts and circumstances. Contact our SBA debt attorneys to see how we can help your situation.
$300,000 SBA 7A LOAN
SBA OIC TERM SETTLEMENT
Clients personally guaranteed SBA 7(a) loan balance of over $300,000. Clients also pledged their home as additional collateral. SBA OIC accepted for $87,000 with full release of lien against home.
$750,000 SBA 504 LOAN
NEGOTIATED TERM REPAYMENT AGREEMENT
Clients personally guaranteed SBA 504 loan balance of $750,000. Clients also pledged the business’s equipment/inventory and their home as additional collateral. Clients had agreed to a voluntary sale of their home to pay down the balance. We intervened and rejected the proposed home sale. Instead, we negotiated an acceptable term repayment agreement and release of lien on the home.
$150,000 SBA 7A LOAN
SBA OIC CASH SETTLEMENT
Client personally guaranteed SBA 7(a) loan balance of over $150,000. Business failed and eventually shut down. SBA then pursued client for the balance. We intervened and was able to present an SBA OIC that was accepted for $30,000.
$375,000 SBA 504 LOAN
SBA OIC CASH SETTLEMENT
Client personally guaranteed SBA 504 loan balance of $375,000. Debt had been cross-referred to Treasury at the time we got involved with the case. We successfully had debt recalled to the SBA where we then presented an SBA OIC that was accepted for $58,000.
$58,000 SBA 7A LOAN
AWG HEARING DEFENSE
Client personally guaranteed SBA 7(a) loan balance of $58,000. Client received Notice of Intent to initiate Administrative Wage Garnishment (AWG) Proceedings. We represented client at the Hearing and successfully defeated the AWG Order based on several legal and equitable grounds.
$337,000 SBA 504 LOAN
SBA OIC CASH SETTLEMENT
Clients personally guaranteed SBA 504 loan balance of $337,000. The Third Party Lender had obtained a Judgment against the clients. We represented clients before the SBA and negotiated an SBA OIC that was accepted for $30,000.
$1,200,000 SBA 7A LOAN
SBA OHA LITIGATION
Client personally guaranteed an SBA 7(a) loan to help with a relative’s new business venture. After the business failed, Treasury was able to secure a recurring Treasury Offset Program (TOP) levy against our client’s monthly Social Security Benefits based on the claim that he owed over $1.2 million dollars. We initially submitted a Cross-Servicing Dispute, but then, prepared and filed an Appeals Petition with the SBA Office of Hearings and Appeals (SBA OHA). As a result of our efforts, we were able to convince the SBA to not only terminate the claimed debt of $1.2 million dollars against our client (without him having to file bankruptcy), but also refund the past recurring amounts that were offset from his Social Security Benefits in connection with the TOP levy.
$220,000 SBA 7A LOAN
DOT WAIVER OF ADMINISTRATIVE FEES & COSTS
Clients personally guaranteed an SBA 7(a) loan that was referred to the Department of Treasury for collection. Treasury claimed our clients owed over $220,000 once it added its statutory collection fees and interest. We were able to negotiate a significant reduction of the total claimed amount from $220,000 to $119,000, saving the clients over $100,000 by arguing for a waiver of the statutory 28%-30% administrative fees and costs.
$488,000 SBA 7A LOAN
SBA OHA LITIGATION
Clients personally guaranteed an SBA 7(a) loan. The SBA referred the debt to the Department of Treasury, which was seeking payment of $487,981 from our clients. We initially filed a Cross-Servicing Dispute, which was denied. As a result, we filed an Appeals Petition with the SBA Office of Hearings and Appeals asserting legal defenses and supporting evidence uncovered during the discovery and investigation phase of our services. Ultimately, the SBA settled the debt for $25,000 - saving our clients approximately $462,981.
Would you like to know more about your SBA loan problem?
The SBA Attorneys in our office want to help you resolve your SBA debt situation. No matter how difficult your circumstances may seem, the right SBA debt attorneys can assist you. We understand that you may have questions regarding a wide range of federal agency matters, including how to respond to an SBA demand letter, what SBA loan foreclosure actually entails, and what is a Treasury Offset Program levy. Our SBA Attorneys can explain all of these topics and more. We urge you to review our disclaimer & blog to learn more about subjects that may be confusing to you and to contact us right away if you have specific questions relating to your unique circumstances. We look forward to helping you during this difficult and stressful period of your life.
Achieving a SBA Offer in Compromise After a Default
Small business owners who mismanage their finances could default on their Small Business Administration loan. To default, they must become delinquent for ninety days. At this point, their lender could exceed standard collection practices....
What Consumers Should Know About Using a SBA Offer in Compromise
Small business owners need to re-evaluate their finances when they face a loan default. This occurrence could lead to devastating effects for the business. When they have a loan default through the Small Business Administration, they...
Reviewing Opportunities For a SBA Offer in Compromise
The Small Business Administration provides loans for entrepreneurs to start smaller business ventures. These loans are guaranteed through the government and require the business owner to pay them...
Providing real solutions to individuals who are facing SBA loan problems. Contact one of our experienced SBA Attorneys and Federal Agency Practitioners today for a Free Case Evaluation - (888) 303-6975.