Contact Our SBA Attorneys for Nationwide Representation of SBA and Treasury Debt Problems
Book a Consultation CallAre you facing uncertainties after receiving an SBA 60-Day Official Notice? Unsure of your next steps regarding your SBA loan default situation? Protect Law Group offers expert legal representation for small business owners, personal guarantors, and federal debtors dealing with SBA investigations and discoveries. Our specialized SBA loan lawyers in San Diego, Orange, and Los Angeles, California, can assist you through this challenging process.
Navigating an SBA investigation can be daunting, as the SBA can add administrative fees and costs if not responded to promptly. Our SBA attorneys excel in unraveling the complexities of SBA discovery, ensuring you understand your options and rights. Let us guide you through the administrative discovery process and review crucial records to develop strategic defense strategies.
When the federal government acts as your creditor, asserting your legal defenses becomes crucial. Our SBA attorneys delve deep into the details of your case, identifying potential defenses and avenues for resolution. Trust Protect Law Group to provide comprehensive legal insights into the available documentary evidence and help you make informed decisions moving forward.
If you have received a 60-day Official Notice for an SBA loan default, it is crucial to seek legal advice. Dealing with SBA demands can be complex and stressful for a small business owner. A lawyer can assist you with the entire process of SBA loan default issues, from submitting offers of compromise to negotiating with lenders, to bankruptcy filings. Their expertise and experience in this field will help you not only manage the paperwork but also protect your rights as a business owner.
Before considering drastic measures like bankruptcy, explore alternative pathways with Protect Law Group. Our SBA attorneys can evaluate your SBA debt thoroughly, shedding light on potential solutions that align with your financial goals. Take the proactive step towards resolving your SBA debt issues effectively and efficiently.
The time to address your SBA investigation and discovery is now. Contact our loan lawyers at Protect Law Group for a detailed Case Evaluation today and entrust our experienced SBA attorneys to safeguard your best interests.
Navigating an SBA investigation can be daunting, as the SBA can add administrative fees and costs if not responded to promptly. Our SBA attorneys excel in unraveling the complexities of SBA discovery, ensuring you understand your options and rights. Let us guide you through the administrative discovery process and review crucial records to develop strategic defense strategies.
When the federal government acts as your creditor, asserting your legal defenses becomes crucial. Our SBA attorneys delve deep into the details of your case, identifying potential defenses and avenues for resolution. Trust Protect Law Group to provide comprehensive legal insights into the available documentary evidence and help you make informed decisions moving forward.
If you have received a 60-day Official Notice for an SBA loan default, it is crucial to seek legal advice. Dealing with SBA demands can be complex and stressful for a small business owner. A lawyer can assist you with the entire process of SBA loan default issues, from submitting offers of compromise to negotiating with lenders, to bankruptcy filings. Their expertise and experience in this field will help you not only manage the paperwork but also protect your rights as a business owner.
Before considering drastic measures like bankruptcy, explore alternative pathways with Protect Law Group. Our SBA attorneys can evaluate your SBA debt thoroughly, shedding light on potential solutions that align with your financial goals. Take the proactive step towards resolving your SBA debt issues effectively and efficiently.
The time to address your SBA investigation and discovery is now. Contact our loan lawyers at Protect Law Group for a detailed Case Evaluation today and entrust our experienced SBA attorneys to safeguard your best interests.
Our firm successfully resolved an SBA 7a loan in the original amount of $364,000 for a New Jersey-based borrower. The client filed Chapter 7 bankruptcy but the mortgage on his real estate securing the loan remained in place. The available equity amounted to $263,470 and the deficiency equaled $317,886.
We gathered the pertinent documentation and prepared a comprehensive collateral analysis. We negotiated directly with the SBA, obtaining a full release of the mortgage for $80,000.
Clients executed several trust deeds pledging seven (7) real estate properties and unconditional personal guarantees for an SBA 7(a) loan from the participating lender. The clients' small business failed and eventually defaulted on repayment of the loan exposing all collateral pledged by the clients. The SBA subsequently acquired the loan balance from the lender, including the right to liquidate and collect all pledged collateral pursuant to the trust deed instruments.
The Firm was hired to negotiate separate release of lien proposals for all 7 real estate properties. In preparation for the work assignment, the Firm Attorneys initiated discovery to secure records from the SBA and Treasury's Bureau of Fiscal Service. After reviewing the records and understanding the interplay between the lender and the SBA, the attorneys then prepared, submitted and negotiated the release of lien (ROL) for each of the 7 real estate properties for consideration.
After submitting the proposals, the assigned SBA Loan Specialists approved each ROL package - significantly reducing the total SBA debt claimed.
Clients personally guaranteed SBA 504 loan balance of $750,000. Clients also pledged the business’s equipment/inventory and their home as additional collateral. Clients had agreed to a voluntary sale of their home to pay down the balance. We intervened and rejected the proposed home sale. Instead, we negotiated an acceptable term repayment agreement and release of lien on the home.
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