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SBA Articles

Can you stop an administrative wage garnishment once it starts?

Yes, you may be able to stop an administrative wage garnishment once it starts. Stop Administrative Wage Garnishment How Does An Administrative Wage Garnishment Start? The Treasury will send you a notice of its intent to order an administrative wage garnishment.  Thereafter, you can request a hearing.  The hearing is usually a “paper hearing”.  This…

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From Lawyers To Documents: What To Expect During Your SBA Loan Application Process As A First-Timer

What To Expect During Your SBA Loan Application Process Is this your first time applying for a business loan? Even veteran business people get confused about what to expect from the SBA loan application process sometimes. SBA Loan Application Your business is picking up and you want to expand, upgrade your equipment or move to…

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How Do I Stop An Administrative Wage Garnishment?

You can stop an administrative wage garnishment by proving: The debt is not enforceable against you The amount of the debt is incorrect An administrative wage garnishment would constitute a financial hardship   How Do I Stop An Administrative Wage Garnishment You Must Timely Request A Hearing On An Administrative Wage Garnishment You will receive…

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Is There a Statute of Limitations on SBA Loans?

Yes, there is a statute of limitations that applies to defaulted SBA loans.  But the government can still collect from you. Statute of limitations for SBA loan The Federal Government is Limited to a 6 Year Statute of Limitations on Defaulted SBA Loans When your business obtains an SBA loan, you sign a personal guarantee,…

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Can The SBA Garnish Social Security?

Yes, the SBA through the Department of Treasury can garnish your Social Security.  But you do have options to stop the garnishment. SBA Social Security Garnishment The SBA Offset If you have defaulted on an SBA loan and you are a personal guarantor, the SBA, through the Department of Treasury, can garnish your Social Security…

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Let’s Talk Business: The Need To Know Business Terms For A Company Loan

The Need To Know Business Terms For A Business Loan Are you ready to apply for a business loan for your company? Review our need to know business terms so you know what you are getting out of your loan. Be mindful of your business loan’s terms and conditions Do you know that a large…

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What can happen if an SBA loan obligor omitted or falsified information in the SBA loan application or the SBA Offer in Compromise?

Engaging in fraud may trigger an investigation by the SBA Office of Inspector General and U.S. Department of Justice One of the most concerning factors an SBA debtor needs to be wary of is submitting a “false statement” or making a material “omission” in documents submitted to the SBA.  Many problems can occur if false…

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Why You Should Not Prepare An SBA Offer In Compromise By Yourself Or Hire A Non-Attorney Company To Help With The Submission Of An SBA OIC

SBA Offer in Compromise Fraud: Why You Should Not Do It Yourself or Hire a Non-Attorney? If you have received either a letter from the SBA lender or CDC calling for a default, electing to accelerate the SBA loan balance and a demand for payment or the Official 60-Day Due Process Notice from the SBA,…

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Is There A Way to Get Out of An SBA Loan?

Whether you have defaulted on an SBA loan or have moved on from your business partners but still remain liable for an SBA loan, options exist for eliminating your debt. Your Liability for an SBA Loan If your business obtained an SBA loan, you more than likely signed a personal guarantee.  This personal guarantee states…

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Loan Default

Credit Report Dispute: What To Do When The SBA Reports A Defaulted Loan

You discovered that the SBA reported a defaulted loan on your credit report. Read on to learn more about how to dispute your credit report. Dispute Credit Report You Should Review Your Credit Report Annually As part of your annual to do list, obtain a copy of your credit report to check for negative credit…

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For Your Business: Should You Consider Small Loans from the SBA?

Financial troubles often arise in small businesses, but the SBA may be able to help. Should you consider small loans? We’ll clarify here. Small Loans One-quarter of all small business owners are unable to access the funding they need to keep their companies afloat. For such entrepreneurs, this is akin to a death sentence for their…

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Signs It Is Time for Your Business to Consider SBA Lending

Is your company growing faster than you can financially keep up with? It might be time to consider SBA lending. Check out these signs it’s time to get the loan. 20% of small businesses in America fail in their first year. A critical contributor to this failure is the lack of adequate funding for operations.…

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We are here to help you with your SBA loan problems.

If you owe more than $30,000, call our experienced attorneys at (833) 428-0933 anytime for a Free Case Evaluation

SBA loan attorney

Helping provide 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 - (833) 428-0933. 

We are here to help you with your SBA loan problems.

If you owe more than $30,000, call our experienced attorneys at (833) 428-0933 anytime for a Free Case Evaluation