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Posts by Alex Z

Can’t Pay Your SBA Loan? Here’s What to Expect

In 2020, the Small Business Administration (SBA) approved more than 42,000 loans worth nearly $23 billion altogether. Were you one of the businesses that qualified for the funds? With the coronavirus pandemic still in full swing, many small businesses are struggling to turn a profit. So if you’re worried about making your SBA loan payments, you aren’t…

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What Can I Do If I Receive a Denial of a PPP Loan Application?

If the Small Business Administration (SBA) denied your Payment Protection Program (PPP) loan application, you have the right to file an appeal with the SBA Office of Hearings and Appeals (OHA).  Read on to learn more about your appeal rights upon the denial of a PPP loan application. SBA PPP Loan Denied The SBA Denied…

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What Happens If a PPP Loan is Not Forgiven?

If the Small Business Administration (SBA) denied your Payment Protection Program (PPP) forgiveness application you have the right to file an appeal with the SBA Office of Hearings and Appeals (OHA).  Read on to learn more about your appeal rights for your PPP loan forgiveness. PPP Forgiveness Appeal The SBA Denied Your PPP Loan Forgiveness…

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Chapter 11 Subchapter V Bankruptcy: Explained in Plain English

Since the pandemic exploded across the United States in March of 2020, 60 percent of businesses that closed due to the pandemic are now permanent closures. Data does show that the rate of small business closures is slowing. Though, many of those lucky enough to stay open face mounting financial struggles. Chapter 11 Subchapter V Of…

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Elements of a Successful SBA Offer in Compromise

Many people rely on loans to start or grow their small businesses. Financing remains a critical part of turning a dream into reality. Small businesses use loans for everything from working capital to purchasing equipment to marketing initiatives. When businesses fall into hardship, it can become difficult to make payments on loans. While banks will…

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When to Seek Out an SBA Offer in Compromise

Currently, the world faces unprecedented challenges. For many, these challenges have made it difficult to stay on top of SBA loan payments.  In these difficult economic times, your business may not survive. Fortunately, you have options if you fall behind.  If you need SBA loan relief, you may find that you qualify for an SBA…

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Should I File an SBA Loan Bankruptcy?

Unfortunately, the COVID pandemic and subsequent business shut downs and restrictions impacted many businesses.  Moreover, you have decided you can no longer keep your business going.  However, you have an outstanding SBA loan.  Does an SBA loan bankruptcy for your business make sense? SBA Loan Bankruptcy Chapter 7 and the SBA Loan In most situations,…

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What Is A Forbearance Agreement?

A forbearance agreement with your SBA lender can provide you with the time you need to get your business back on track.  Read on to learn more about forbearance agreements. How Does a Forbearance Agreement Work? As of October, the SBA has stopped paying for your SBA business loan.  Nevertheless, due to the Covid crisis…

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SBA Loan Requirements: Complete List for Eligibility

How do you fund a startup in the middle of a global pandemic? With a loan from the Small Business Administration, also known as the SBA! Funding your scrappy start-up is no walk in park, even in normal times. Luckily, the SBA can help get your dream off the ground. If you are wondering about…

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Case Evaluations: How to Maximize Your SBA Lawyer Consultation

Entrepreneurs earn handsome rewards by taking risks. However, those risks don’t always result in success. When this happens, what do you do when you still owe on an SBA-backed loan? If you’re like most business hopefuls, you most likely spent a great amount of time thinking about how your business will succeed. Most entrepreneurs don’t…

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