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Posts by Alex Z

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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5 Factors to Consider in an SBA Offer in Compromise

Around 20,000 to 25,000 businesses file for bankruptcy annually. But bankruptcy can take a toll on your business and your finances. If you have an SBA loan that you can’t pay, you can apply for an Offer in Compromise to get the financial relief you need. Keep reading to learn what to consider before you…

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How to Fill Out a Personal Financial Statement in 8 Simple Steps

Wondering how to fill out a personal financial statement? When you’re filling out this document, it’s crucial to understand how to do it correctly. Filling out the document correctly can keep you from having to go back and do it again. In this article, we will give you a step-by-step guide to filling it out.…

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Small Business Bankruptcy: A Guide to Chapter 11, Subchapter 5

Congress signed the Small Business Reorganization Act (SRBA) in August 2019, and it went effective in February of this year. One slight detail congress overlooked was the impending COVID-19 pandemic. Small businesses everywhere are now reeling. SRBA may be the boon these businesses need to continue operating. Discover what the new law means for you and…

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San Diego Businesses May Take Advantage of New Small Business Reorganization

The rapid deterioration of the American job market (and the world job market) will make it tough on San Diego businesses in the coming months.  The new Chapter 11 Subchapter V bankruptcy may provide an easier solution for small businesses.  A small business reorganization may save your business. A Bleak Employment Picture Employment No matter…

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What Does The New Chapter 11 Subchapter V Mean For Your SBA Loan?

The new part of the bankruptcy code is aimed at making reorganizing small businesses easier, more streamlined, and less costly.  Read on to learn more. The new option for troubled SBA loans How Is Chapter 11 Subchapter V Different? The new Chapter 11 Subchapter V bankruptcy has many differences from a regular Chapter 11.  For…

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