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Posts by Alex Z

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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How to Defend Against an Administrative Wage Garnishment Notice

Being in debt is never a fun experience, but it is one that most Americans are familiar with. Almost all adult Americans have some form of debt.  Moreover, the type and severity of this debt vary from person to person, but it is a situation that bonds us whether we like it or not. Administrative…

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How to Avoid Defaulting on Your SBA Loan Payment

The U.S. Small Business Association supports businesses with the SBA loan program. The loans don’t come from the SBA directly. They help lending partners reduce their risk, which makes it easier for small businesses to get loans. It’s a way to get the capital you need to start or grow your business. But what happens…

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What Is SBA Loan Forgiveness and How Does It Work?

COVID-19 and CARES Act Update: The CARES Act was passed by Congress and signed by the president.  Part of the CARES Act included what is known as the Paycheck Protection Program (“PPP”).  PPP loans are 100% federally guaranteed loans for small businesses intended for companies to maintain their payroll levels and allow partial loan forgiveness. …

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7 Essential Tips for Finding the Best SBA Protection Law Group

Finding the right SBA attorney can be a difficult task. Click here to learn some essential tips for finding the right SBA protection law group. Finding the Best SBA Protection Law Group One of the biggest nightmares a small business owner can come to face is defaulting on the SBA loan. Unfortunately, because nearly 50…

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