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Posts by Alex Z

SBA Loan Default: What Happens if You Don’t Pay?

Did you default on a loan given to you by the Small Business Administration? We’re telling you what happens if you don’t pay and what you can do with an SBA loan default. For thousands of small businesses around the country, the Small Business Administration (SBA) is a lifeline, helping them secure loans when no…

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Bank Officers Charged with SBA Loan Fraud

Financial institution officers and a bank consumer had been charged inside the Chicago area Tuesday with fraud for submitting a false loan application to the SBA (SBA) for nearly $4 million. James Graber and Kristin King, along side Ryan Cole of Garland, Texas, were charged by a federal grand jury in Rockford with wire fraud…

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Case Study: Third Party Lender Duties on SBA Loan Default

Video Transcript  The transcript of the video follows below for further review.The case of Rister v. Yadkin Bank arose out of a United States Small Business Administration (“SBA”) loan that Defendant Yadkin Bank (“the Bank”) made in 2011 to a corporate borrower, Mystique Makeover, LLC, a salon in Charlotte, North Carolina, operated by Maria L.…

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Demand Letters From Private Collection Agencies

Video Transcript  The transcript of the video follows below for further review.If you have an SBA loan default that has been referred to the Department of Treasury for collection, you may have been contacted by a private collection agency (PCA): Pioneer Credit Recovery, CBE Group, Performant or Conserve. A recent case addressed a collection letter…

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Confirmation Hearing for Proposed SBA Head McMahon

Protect Law Group is committed to resolving your SBA loan default problems. Our experienced attorneys can help you through the SBA loan default process with an SBA offer in compromise, administrative wage garnishment defense, or other SBA loan forgiveness processes. With the new Trump administration comes new cabinet appointees including proposed SBA head Linda McMahon. …

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New SBA SOP Eases Loan Process for Franchisees

Protect Law Group is committed to resolving your SBA loan default problems. Our experienced attorneys can help you through the SBA loan default process with an SBA offer in compromise, administrative wage garnishment defense, or other SBA loan forgiveness processes. The SBA historically has been a major cog in the lending to franchises. In the…

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SBA Director Issues Final Report

Protect Law Group is committed to resolving your SBA loan default problems.  Our experienced attorneys can help you through the SBA loan default process with an SBA offer in compromise, administrative wage garnishment defense, or other SBA loan forgiveness processes. SBA head, Maria Contreras-Sweet, issued her final report as she will be replaced with the…

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SBA Office of Inspector General Releases Semi-Annual Report

Protect Law Group is committed to resolving your SBA loan default problems.  Our experienced attorneys can help you through the SBA loan default process with an SBA offer in compromise, administrative wage garnishment defense, or other SBA loan forgiveness processes. The Office of Inspector General (OIG) provides independent, objective oversight to improve the integrity, accountability,…

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