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Posts by Alex Z

Can I Obtain Another SBA Loan After A Default?

Even if you’ve defaulted on a previous SBA loan, you may be able to obtain a subsequent loan from the SBA. Video Transcript  The transcript of the video follows below for further review.SBA loans are the lifeblood for many industries. Many small businesses fail and the most recent recession was no exception resulting in a…

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SBA Loan Default and Military Retirement Offset

You should not have to face the SBA alone in the face of a SBA loan default. Your SBA loan problem requires the representation of an experienced SBA attorney. Protect Law Group can help. Your military retirement can be at risk. Video Transcript  The transcript of the video follows below for further review.You should not…

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SBA 504 Refinance Rules Become Permanent

The SBA made permanent certain rules regarding the refinance of 504 loans. Video Transcript  The transcript of the video follows below for further review.Eligible small business owners now have more options to refinance eligible fixed assets and business expenses through the Small Business Administration (SBA) 504 Refinance Program.  SBA Administrator Maria Contreras-Sweet made the program…

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SBA Chief Maria Contreras-Sweet's Commencement Speech At Whittier

Protect Law Group has the legal expertise to guide you through the SBA offer in compromise process and help successfully resolve your SBA loan problems. Even if you are facing an administrative wage garnishment or have been contacted by a Department of Treasury retained private collection agency such as Performant, CBE Group, Conserve or Pioneer…

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Trouble With The SBA’s Business Disaster Relief Loans

Protect Law Group has the legal expertise to guide you through the SBA offer in compromise process and help successfully resolve your SBA loan problems. Even if you are facing an administrative wage garnishment or have been contacted by a Department of Treasury retained private collection agency such as Performant, CBE Group, Conserve or Pioneer…

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WSJ Interview With The Head Of The SBA

Protect Law Group provides the expertise and legal know how to shepherd you through the SBA offer in compromise process. You should not face your defaulted SBA loan and SBA loan problems on your own. Protect Law Group offers the aggressive legal strategies and tactics to defend your rights. Wall Street Journal writer Ruth Simon…

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Assumption, Assignment and Sale of SBA 7(a) Loans

You have a business with an SBA guaranteed 7(a) loan and now you are looking to sell the business.  What about the loan?  Can you simply assign the loan and have the buyer assume the loan in your sale documents without anything more?  Generally speaking, the SBA will need to approve the assumption and certain…

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SBA Loan Default: The Private Collection Agency

If you have defaulted on your SBA loan, a private collection agency may start contacting you to collect the SBA loan. Who and what are private collection agencies (PCAs)? The Department of Treasury contracts with four private collection agencies, known by their common names: Performant, Pioneer Credit, CBE Group and Conserve. If you have been…

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SBA Loan Default: Filing Bankruptcy May Not Prevent An Offset

Filing bankruptcy may not solve your SBA loan default problems. Aside from other financial considerations, the government may still be able to offset against your assets. The Bankruptcy Code preserves a creditor’s right to setoff. Section 553(a) of the Bankruptcy Code provides: Except as otherwise provided in this section and sections 362 and 363 of…

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SBA Loan Problems: Substitution of Collateral

Many times you may want or need to substitute collateral securing your SBA guaranteed loan. You need to follow the proper steps or risk an SBA loan default if the substitution is not approved. This video provides further information about substituting collateral. The collateral offered in substitution should be similar in nature (e.g., real property…

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