Common Mistakes to Avoid When Applying for an SBA Offer in Compromise
Common Mistakes to Avoid When Applying for an SBA Offer in Compromise
Contact Our SBA Attorneys for Nationwide Representation of SBA and Treasury Debt Problems
Book a Consultation CallAt Protect Law Group, we provide expert legal services to address your SBA and Treasury debt issues. Our experienced SBA attorneys are dedicated to providing nationwide representation, When it comes to navigating the complexities of SBA loans and debt, our attorneys are well-equipped to provide the necessary legal assistance. Contact our SBA attorneys today to ensure the protection and success of your business. Trust in Protect Law Group for all your SBA legal needs.
You should not have to struggle to settle SBA debt on your own. Instead, turn to one of our SBA Attorneys who specializes in SBA cases. We are dedicated to helping you settle SBA loan default.
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At Protect Law Group, our main focus is to settle SBA debt by minimizing the damage to your business or personal asset base stemming from your SBA loan problems. We accomplish this by carefully employing a host of strategies from deferment, SBA Offer in Compromise (SBA OIC), Structured Workout, administrative litigation, negotiations, and SBA Office of Hearings & Appeals litigation. For our cases, the ultimate goal is to negotiate and settle SBA debt. Our team offers many SBA services and provides concrete solutions to our clients.
Our Federal Agency Practitioners and SBA Attorneys are well educated and trained in the 6 core disciplines we believe is necessary to resolve SBA loan problems. The 6 core disciplines encompass:
More importantly, our firm’s SBA attorneys are legally authorized under the Agency Practice Act (5 U.S. Code Section 500 et seq.) to represent federal debtors before the U.S. Small Business Administration, the U.S. Department of Treasury, and the Bureau of Fiscal Service.
Most companies advertising their SBA loan default resolution services on the internet, cable TV or radio use non-attorney sales agents to conduct the initial case evaluation and try to “sell” you on services that do not help resolve your problems.
These non-attorney sales agents have almost little to zero training in any of the 6 core disciplines and are not able to handle your case within the federal agency legal framework because they can’t. Otherwise, if they try to use legal theories and represent you before the SBA or Treasury's Bureau of Fiscal Service (BFS), they are arguably engaging in the unauthorized practice of law (UPL) by violating federal law, namely, the Agency Practice Act.
Our SBA attorneys handle all initial case evaluations, diagnose your case issues, educate you on your options, and help implement an effective plan designed to resolve your SBA loan problems and attempt to minimize the financial damage to your business or personal asset base.
Our consistent track record of uncompromising ethics instills confidence and trust. We use cutting-edge technologies that allow us to respond and give you the most relevant information and perspectives on your case in a cost-effective manner.
We strive to represent you effectively and advise you on what’s the best possible solution to your SBA loan default problem and resolve your SBA debt. We are dedicated to achieving the best possible outcome for every client who hires us – no matter how big or small. Reach out to us today to discuss our SBA services.
At Protect Law Group, our main focus is to settle SBA debt by minimizing the damage to your business or personal asset base stemming from your SBA loan problems. We accomplish this by carefully employing a host of strategies from deferment, SBA Offer in Compromise (SBA OIC), Structured Workout, administrative litigation, negotiations, and SBA Office of Hearings & Appeals litigation. For our cases, the ultimate goal is to negotiate and settle SBA debt. Our team offers many SBA services and provides concrete solutions to our clients.
Our Federal Agency Practitioners and SBA Attorneys are well educated and trained in the 6 core disciplines we believe is necessary to resolve SBA loan problems. The 6 core disciplines encompass:
More importantly, our firm’s SBA attorneys are legally authorized under the Agency Practice Act (5 U.S. Code Section 500 et seq.) to represent federal debtors before the U.S. Small Business Administration, the U.S. Department of Treasury, and the Bureau of Fiscal Service.
Most companies advertising their SBA loan default resolution services on the internet, cable TV or radio use non-attorney sales agents to conduct the initial case evaluation and try to “sell” you on services that do not help resolve your problems.
These non-attorney sales agents have almost little to zero training in any of the 6 core disciplines and are not able to handle your case within the federal agency legal framework because they can’t. Otherwise, if they try to use legal theories and represent you before the SBA or Treasury's Bureau of Fiscal Service (BFS), they are arguably engaging in the unauthorized practice of law (UPL) by violating federal law, namely, the Agency Practice Act.
Our SBA attorneys handle all initial case evaluations, diagnose your case issues, educate you on your options, and help implement an effective plan designed to resolve your SBA loan problems and attempt to minimize the financial damage to your business or personal asset base.
Our consistent track record of uncompromising ethics instills confidence and trust. We use cutting-edge technologies that allow us to respond and give you the most relevant information and perspectives on your case in a cost-effective manner.
We strive to represent you effectively and advise you on what’s the best possible solution to your SBA loan default problem and resolve your SBA debt. We are dedicated to achieving the best possible outcome for every client who hires us – no matter how big or small. Reach out to us today to discuss our SBA services.
Client personally guaranteed SBA 7(a) loan balance of over $150,000. Business failed and eventually shut down. SBA then pursued client for the balance. We intervened and was able to present an SBA OIC that was accepted for $30,000.
The client personally guaranteed an SBA 504 loan balance of $375,000. Debt had been cross-referred to the Treasury at the time we got involved with the case. We successfully had debt recalled to the SBA where we then presented an SBA OIC that was accepted for $58,000.
Clients personally guaranteed an SBA 7(a) loan that was referred to the Department of Treasury for collection. Treasury claimed our clients owed over $220,000 once it added its statutory collection fees and interest. We were able to negotiate a significant reduction of the total claimed amount from $220,000 to $119,000, saving the clients over $100,000 by arguing for a waiver of the statutory 28%-30% administrative fees and costs.
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