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Posts by Alex Z

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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Trump Names Professional Wrestling Exec to SBA Top Post

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. President-elect Donald Trump announced former World Wrestling Entertainment executive Linda McMahon as his choice for…

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What Is A “Charge Off” Of An SBA Loan?

You may have learned that your defaulted SBA loan was “charged off”.  You are still liable for the loan deficiency, however, and competent legal counsel is highly recommended. Video Transcript  The transcript of the video follows below for further review.What is SBA’s Policy Regarding Charge Off Accounts? Many times people think that because their defaulted…

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Appeal of a Federal Employee Salary Offset

If the Department of Treasury has garnished or offset your federal salary because of an SBA loan default, you may have the opportunity to file an appeal. Video Transcript  The transcript of the video follows below for further review.If you have defaulted on a Small Business Administration (SBA) loan and you are a federal employee,…

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SBA Loan Default and Private Collection Agencies

If you have an SBA loan default chances are you may be contacted by a private collection agency such as Pioneer Credit, Conserve, Performant, or CBE Group, which have been contracted by the Department of Treasury to recover your defaulted SBA loan. Video Transcript  The transcript of the video follows below for further review.The Debt…

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